£340,659
This estimated value is based upon the latest sale price for the house of £183,000 on 10 Dec 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £183,000 | 10 Dec 2004 |
| £138,000 | 1 Jul 2004 |
| Detached |
| 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 December 2004 the House Price Index for WEST MIDLANDS was 78.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 86.153%.Applying this 86.153% change to the original purchase price of £183,000 results in an estimated price of approximately £340,659.
| 10 Dec 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.8 | 146.7 | 86.153 % | £183,000 | £157,659 | £340,659 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | 18.075 % | £33,077 | £216,077 |
| 3 Month Average | 60.995 % | £111,621 | £294,621 |
| 6 Month Average | 63.646 % | £116,471 | £299,471 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Laburnum Way |
| Mar 2024 | Vehicle crime | Under investigation | On or near Cedar Way |
| Jan 2024 | Other theft | Awaiting court outcome | On or near Cedar Way |
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Cedar Way |
| Mar 2024 | Vehicle crime | Under investigation | On or near Maple Way |