£190,415
This estimated value is based upon the latest sale price for the house of £143,000 on 8 Jul 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £143,000 | 8 Jul 2016 |
| £83,500 | 28 Jun 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 July 2016 the House Price Index for WEST MIDLANDS was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £143,000 results in an estimated price of approximately £190,415.
| 8 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £143,000 | £47,415 | £190,415 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 29.031 % | £41,514 | £184,514 |
| 3 Month Average | 13.156 % | £18,813 | £161,813 |
| 6 Month Average | 31.704 % | £45,336 | £188,336 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £267,339 | £265,000 | 56 LOWER CHURCH LANE |
| 21 Oct 2022 | £366,059 | £370,000 | 8 ST MARTINS DRIVE |
| 13 May 2022 | £313,405 | £307,500 | 25 HERITAGE WAY |
| 11 Mar 2022 | £316,060 | £305,000 | 2 KEYWORTH CLOSE |
| 20 Dec 2021 | £214,275 | £200,000 | 4 KEYWORTH CLOSE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 25 Apr 2016. Using an estimated price of £190,415 means this house is valued at £2,720 per sq meter (£252 per sq foot).
The average size of a house on HERITAGE WAY is 104 sq meters (1,122 sq feet).
This house is the smallest in the street with a floor area of 70 sq meters (753 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Jordan Leys |
| Dec 2023 | Violence and sexual offences | Local resolution | On or near Keyworth Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Paul Vale |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Paul Vale |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Paul Vale |