£149,047
This estimated value is based upon the latest sale price for the house of £80,000 on 8 May 2009. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £80,000 | 8 May 2009 |
| Detached |
| Freehold |
| Floor Area: 61 sq meters or 665 sq feet |
This model uses changes in the Official Land Registry House Price Index for WEST MIDLANDS to estimate the market value.
When this house was purchased in May 2009 the House Price Index for WEST MIDLANDS was 80.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 86.309%.Applying this 86.309% change to the original purchase price of £80,000 results in an estimated price of approximately £149,047.
| 8 May 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 149.7 | 86.309 % | £80,000 | £69,047 | £149,047 |
The Postcode Pricing Model uses changes in average sales price within the WV10 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 51.215 % | £40,971 | £120,971 |
| 3 Month Average | 87.193 % | £69,754 | £149,754 |
| 6 Month Average | 86.604 % | £69,283 | £149,283 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2024 | £227,000 | £227,000 | 63 GREEN DRIVE |
| 24 Jul 2024 | £149,000 | £149,000 | 43 GREEN DRIVE |
| 12 Apr 2024 | £235,041 | £233,000 | 6 WHEATON CLOSE |
| 18 Dec 2023 | £206,340 | £200,000 | 3 WHEATON CLOSE |
| 3 Nov 2023 | £235,990 | £230,000 | 28 GREEN DRIVE |
This house has a floor area of 61 sq meters or 665 sq feet when measured on 16 Feb 2009. Using an estimated price of £149,047 means this house is valued at £2,409 per sq meter (£223 per sq foot).
The average size of a house on WHEATON CLOSE is 88 sq meters (950 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Sep 2024 | Possession of weapons | Under investigation | On or near Parking Area |