£52,775
This estimated value is based upon the latest sale price for the house of £42,000 on 25 May 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £42,000 | 25 May 2018 |
| £25,000 | 8 Sep 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 May 2018 the House Price Index for WEST MIDLANDS was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £42,000 results in an estimated price of approximately £52,775.
| 25 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £42,000 | £10,775 | £52,775 |
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 | 36.095 % | £15,160 | £57,160 |
| 3 Month Average | 53.246 % | £22,363 | £64,363 |
| 6 Month Average | 29.115 % | £12,228 | £54,228 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Apr 2023 | £280,242 | £275,000 | 24 BIRMINGHAM NEW ROAD |
| 10 Mar 2023 | £167,802 | £165,000 | 22 VERONICA AVENUE |
| 17 Dec 2021 | £210,465 | £195,000 | 2 VERONICA AVENUE |
| 13 Dec 2021 | £37,776 | £35,000 | FLAT 5 GRAFTON HOUSE OLIVE AVENUE |
| 30 Sep 2021 | £182,376 | £168,000 | 21 BULLER STREET |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 3 Jun 2014. Using an estimated price of £52,775 means this house is valued at £1,055 per sq meter (£98 per sq foot).
The average size of a house on OLIVE AVENUE is 79 sq meters (853 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Olive Avenue |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Veronica Avenue |
| May 2024 | Public order | Under investigation | On or near Veronica Avenue |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Buller Street |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Buller Street |