£182,331
This estimated value is based upon the latest sale price for the house of £180,000 on 18 Sep 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £180,000 | 18 Sep 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 September 2023 the House Price Index for WEST MIDLANDS was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £180,000 results in an estimated price of approximately £182,331.
| 18 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £180,000 | £2,331 | £182,331 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | -8.082 % | £-14,547 | £165,452 |
| 3 Month Average | -3.008 % | £-5,413 | £174,586 |
| 6 Month Average | -1.344 % | £-2,419 | £177,580 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £152,254 | £150,000 | 46 SHEPHERD DRIVE |
| 18 Sep 2023 | £182,331 | £180,000 | UNIT 8 SPRING LANE INDUSTRIAL ESTATE SPRING LANE |
| 11 Sep 2023 | £180,305 | £178,000 | 25 TILDESLEY DRIVE |
| 31 Mar 2023 | £258,435 | £256,000 | 4 QUEENS LEA |
| 27 Jan 2023 | £219,466 | £220,500 | 32 LAKELOT CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Sandbeds Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sandbeds Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sandbeds Road |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Sandbeds Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sandbeds Road |