£42,535
This estimated value is based upon the latest sale price for the house of £34,410 on 23 May 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £34,410 | 23 May 2019 |
| Leasehold |
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 2019 the House Price Index for WEST MIDLANDS was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £34,410 results in an estimated price of approximately £42,535.
| 23 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £34,410 | £8,125 | £42,535 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 9.370 % | £3,224 | £37,634 |
| 3 Month Average | 20.322 % | £6,992 | £41,402 |
| 6 Month Average | 29.430 % | £10,126 | £44,536 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jun 2023 | £105,275 | £104,000 | 74 NEACHELLS LANE |
| 20 Apr 2023 | £252,721 | £250,000 | THRIFTY CAR & VAN RENTAL NEACHELLS LANE |
| 19 Apr 2023 | £86,431 | £85,500 | 81 NEACHELLS LANE |
| 24 Feb 2023 | £119,919 | £120,000 | 78 BOLTON ROAD |
| 16 Nov 2022 | £2,766,490 | £2,800,000 | UNIT 1-2 WEDNESFIELD WAY INDUSTRIAL ESTATE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Neachells Lane |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Neachells Lane |
| Apr 2024 | Vehicle crime | Under investigation | On or near Fernside Road |
| Mar 2024 | Robbery | Under investigation | On or near Fernside Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fernside Road |