£118,721
This estimated value is based upon the latest sale price for the house of £120,000 on 17 Oct 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £120,000 | 17 Oct 2022 |
| 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 October 2022 the House Price Index for WEST MIDLANDS was 150.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.065%.Applying this -1.065% change to the original purchase price of £120,000 results in an estimated price of approximately £118,721.
| 17 Oct 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.2 | 148.6 | -1.065 % | £120,000 | £-1,278 | £118,721 |
The Postcode Pricing Model uses changes in average sales price within the B66 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 | -36.722 % | £-44,066 | £75,933 |
| 3 Month Average | -15.941 % | £-19,129 | £100,870 |
| 6 Month Average | 4.582 % | £5,498 | £125,498 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £207,231 | £205,000 | 7 CULVERT WAY |
| 17 Oct 2022 | £118,722 | £120,000 | UNIT 10 ALBION BUSINESS PARK |
| 8 Nov 2021 | £227,118 | £210,000 | 107 ST PAULS ROAD |
| 20 Oct 2021 | £293,217 | £265,000 | 52 THE PAVILIONS |
| 19 Aug 2021 | £175,709 | £157,500 | 50 GRENVILLE DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Drake Road |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Drake Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Drake Road |
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Drake Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Drake Road |