£248,278
This estimated value is based upon the latest sale price for the house of £149,950 on 26 Apr 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £149,950 | 26 Apr 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2013 the House Price Index for WEST MIDLANDS was 88.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 65.574%.Applying this 65.574% change to the original purchase price of £149,950 results in an estimated price of approximately £248,278.
| 26 Apr 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 146.7 | 65.574 % | £149,950 | £98,328 | £248,278 |
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 | 61.235 % | £91,822 | £241,772 |
| 3 Month Average | 67.276 % | £100,881 | £250,831 |
| 6 Month Average | 84.027 % | £125,998 | £275,948 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 8 Apr 2013.
The average size of a house on RAINBOW AVENUE is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Rainbow Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Europa Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Europa Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ranger Drive |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Ranger Drive |