£100,101
This estimated value is based upon the latest sale price for the house of £82,500 on 3 Mar 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £82,500 | 3 Mar 2020 |
| £65,000 | 5 Apr 2019 |
| £96,450 | 27 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 2020 the House Price Index for WEST MIDLANDS was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £82,500 results in an estimated price of approximately £100,101.
| 3 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 149.7 | 21.335 % | £82,500 | £17,601 | £100,101 |
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 | 132.162 % | £109,033 | £191,533 |
| 3 Month Average | 44.777 % | £36,940 | £119,440 |
| 6 Month Average | 22.779 % | £18,792 | £101,292 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Apr 2024 | £105,920 | £105,000 | FLAT 12 PENDENE COURT, 253 PENN ROAD |
| 15 Mar 2024 | £203,121 | £200,000 | FLAT 11 THE GALLERY, 282 PENN ROAD |
| 1 Dec 2023 | £83,568 | £81,000 | FLAT 15 PENDENE COURT, 253 PENN ROAD |
| 15 Nov 2023 | £210,339 | £205,000 | 290 PENN ROAD |
| 3 Oct 2023 | £383,715 | £375,000 | 304 PENN ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 4 Jan 2018. Using an estimated price of £100,102 means this house is valued at £1,540 per sq meter (£143 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 | Other theft | Investigation complete; no suspect identified | On or near Bromley Place |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bromley Place |
| May 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Bromley Place |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bromley Place |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bromley Place |