£823,870
This estimated value is based upon the latest sale price for the house of £815,000 on 28 Apr 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £815,000 | 28 Apr 2023 |
| 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 April 2023 the House Price Index for WEST MIDLANDS was 147.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.088%.Applying this 1.088% change to the original purchase price of £815,000 results in an estimated price of approximately £823,870.
| 28 Apr 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 148.6 | 1.088 % | £815,000 | £8,870 | £823,870 |
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 | 19.162 % | £156,169 | £971,169 |
| 3 Month Average | -3.787 % | £-30,864 | £784,135 |
| 6 Month Average | 1.197 % | £9,754 | £824,754 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £183,720 | £181,000 | 29 MARBURY DRIVE |
| 6 Jul 2023 | £233,138 | £230,000 | 5 LUNT PLACE |
| 28 Apr 2023 | £823,871 | £815,000 | D S WILLETTS (STAINLESS) LTD MURDOCH ROAD |
| 12 Apr 2022 | £236,854 | £230,000 | 81 MARBURY DRIVE |
| 11 Feb 2022 | £157,304 | £150,000 | 27 LAVENDER GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Lavender Grove |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lavender Grove |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Garden Walk |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Garden Walk |
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Garden Walk |