£144,088
This estimated value is based upon the latest sale price for the house of £118,000 on 17 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £118,000 | 17 Aug 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 August 2018 the House Price Index for WEST MIDLANDS was 120.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.109%.Applying this 22.109% change to the original purchase price of £118,000 results in an estimated price of approximately £144,088.
| 17 Aug 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 146.7 | 22.109 % | £118,000 | £26,088 | £144,088 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 2.098 % | £2,475 | £120,475 |
| 3 Month Average | 23.530 % | £27,765 | £145,765 |
| 6 Month Average | 28.159 % | £33,227 | £151,227 |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 22 Nov 2018.
The average size of a house on RAINBOW STREET is 76 sq meters (821 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Whitegates Road |
| Jan 2024 | Drugs | Offender given a caution | On or near Skidmore Road |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Skidmore Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Skidmore Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Winnall Close |