£293,076
This estimated value is based upon the latest sale price for the house of £224,450 on 8 Mar 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£224,450 | 8 Mar 2017 |
£148,285 | 10 Aug 2016 |
Flats/Maisonettes |
Leasehold |
Floor Area: 76 sq meters or 818 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 March 2017 the House Price Index for WEST MIDLANDS was 114.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.575%.Applying this 30.575% change to the original purchase price of £224,450 results in an estimated price of approximately £293,076.
8 Mar 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.6 | 149.7 | 30.575 % | £224,450 | £68,626 | £293,076 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 14.951 % | £33,556 | £258,006 |
3 Month Average | 59.280 % | £133,053 | £357,503 |
6 Month Average | 32.728 % | £73,458 | £297,908 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Sep 2023 | £209,621 | £205,000 | FLAT 7 ALGAR COURT, 231 PENN ROAD |
24 Aug 2023 | £164,466 | £161,500 | 35 ALEXANDRA ROAD |
6 Jun 2023 | £217,356 | £213,000 | 3 MOUNT ROAD |
10 Feb 2023 | £231,547 | £230,000 | FLAT 28 ALGAR COURT, 231 PENN ROAD |
30 Jan 2023 | £370,991 | £370,000 | 236 PENN ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 5 May 2016. Using an estimated price of £293,077 means this house is valued at £3,856 per sq meter (£358 per sq foot).
The average size of a house on PENN ROAD is 93 sq meters (1,009 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Witton Road |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Witton Road |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Witton Road |
Jul 2024 | Anti-social behaviour | On or near Penn Road | |
Jul 2024 | Public order | Investigation complete; no suspect identified | On or near Penn Road |