£162,938
This estimated value is based upon the latest sale price for the house of £160,000 on 4 Aug 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £160,000 | 4 Aug 2023 |
| £50,000 | 29 Jul 2002 |
| Terraced |
| Freehold |
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 August 2023 the House Price Index for WEST MIDLANDS was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £160,000 results in an estimated price of approximately £162,938.
| 4 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 149.7 | 1.837 % | £160,000 | £2,938 | £162,938 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | -10.495 % | £-16,792 | £143,207 |
| 3 Month Average | -13.616 % | £-21,786 | £138,213 |
| 6 Month Average | -4.858 % | £-7,772 | £152,227 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £49,522 | £48,000 | FLAT 16 ST CECILIA'S OKEMENT DRIVE |
| 24 Nov 2023 | £64,636 | £62,995 | FLAT 95 ST. CECILIA'S OKEMENT DRIVE |
| 22 Sep 2023 | £160,028 | £156,500 | 8 LYD CLOSE |
| 4 Aug 2023 | £162,939 | £160,000 | 9 VICTORIA ROAD |
| 24 Mar 2023 | £172,887 | £170,000 | 20 LYD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Memory Lane |
| Aug 2024 | Violence and sexual offences | Local resolution | On or near Memory Lane |
| Jul 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Memory Lane |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lyd Close |
| Oct 2024 | Burglary | Under investigation | On or near Lyd Close |