£624,799
This estimated value is based upon the latest sale price for the house of £621,000 on 3 Aug 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £621,000 | 3 Aug 2023 |
| Flats/Maisonettes |
| 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 August 2023 the House Price Index for WEST MIDLANDS was 147.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.612%.Applying this 0.612% change to the original purchase price of £621,000 results in an estimated price of approximately £624,799.
| 3 Aug 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.1 | 148.0 | 0.612 % | £621,000 | £3,799 | £624,799 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | -66.694 % | £-414,167 | £206,832 |
| 3 Month Average | 5.054 % | £31,382 | £652,382 |
| 6 Month Average | -2.981 % | £-18,508 | £602,491 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £86,105 | £85,000 | FLAT 24 LAWTON COURT OAKS CRESCENT |
| 3 Aug 2023 | £624,799 | £621,000 | FLAT WELSH CHAPEL ST MARKS ROAD |
| 9 Jun 2023 | £151,226 | £150,000 | 51 CHAPEL ASH |
| 9 Jun 2023 | £851,907 | £845,000 | 1 SOUTHGATE |
| 2 Jun 2023 | £383,106 | £380,000 | 8 SUMMERFIELD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Clifton Street |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lord Street |
| Apr 2024 | Shoplifting | Unable to prosecute suspect | On or near Meadow Street |