£123,083
This estimated value is based upon the latest sale price for the house of £75,000 on 9 Feb 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Wheeler Road
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| Price Paid | Date |
|---|---|
| £75,000 | 9 Feb 2007 |
| £75,000 | 7 Jun 2006 |
| Terraced |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 February 2007 the House Price Index for WEST MIDLANDS was 91.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 64.111%.Applying this 64.111% change to the original purchase price of £75,000 results in an estimated price of approximately £123,083.
| 9 Feb 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.2 | 149.7 | 64.111 % | £75,000 | £48,083 | £123,083 |
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 | 62.871 % | £47,153 | £122,153 |
| 3 Month Average | 49.541 % | £37,156 | £112,156 |
| 6 Month Average | 50.783 % | £38,086 | £113,086 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £286,507 | £280,000 | 479 WOOD END ROAD |
| 25 Aug 2023 | £173,122 | £170,000 | 8 WHEELER ROAD |
| 16 Aug 2023 | £183,306 | £180,000 | 122 BEALEYS AVENUE |
| 3 Mar 2023 | £192,210 | £189,000 | 137 BLACKHALVE LANE |
| 24 Feb 2023 | £230,540 | £229,000 | 139 BLACKHALVE LANE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 13 Jul 2019. Using an estimated price of £123,084 means this house is valued at £2,564 per sq meter (£238 per sq foot).
The average size of a house on WHEELER ROAD is 65 sq meters (708 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Wheeler Road |
| Sep 2024 | Burglary | Under investigation | On or near Wheeler Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeler Road |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wheeler Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeler Road |