£183,662
This estimated value is based upon the latest sale price for the house of £125,000 on 1 Apr 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £125,000 | 1 Apr 2015 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 April 2015 the House Price Index for WEST MIDLANDS was 101.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 46.930%.Applying this 46.930% change to the original purchase price of £125,000 results in an estimated price of approximately £183,662.
| 1 Apr 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 148.6 | 46.930 % | £125,000 | £58,662 | £183,662 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 12.149 % | £15,186 | £140,186 |
| 3 Month Average | 26.611 % | £33,264 | £158,264 |
| 6 Month Average | 42.930 % | £53,662 | £178,662 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £325,000 | £325,000 | 23 LILAC WAY |
| 18 Aug 2023 | £237,074 | £235,000 | 67 WOODBURY ROAD |
| 30 Jun 2023 | £293,556 | £290,000 | 98 WOODBURY ROAD |
| 7 Nov 2022 | £197,606 | £200,000 | 75 WOODBURY ROAD |
| 9 May 2022 | £295,569 | £290,000 | 82 WOODBURY ROAD |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 7 Mar 2015. Using an estimated price of £183,663 means this house is valued at £1,800 per sq meter (£167 per sq foot).
The average size of a house on WOODBURY ROAD is 100 sq meters (1,077 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodbury Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodbury Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elmdale |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Elmdale |
| Feb 2024 | Violence and sexual offences | Local resolution | On or near Elmdale |