£309,224
This estimated value is based upon the latest sale price for the house of £249,950 on 29 Mar 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £249,950 | 29 Mar 2018 |
| £180,000 | 28 Nov 2014 |
| Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 March 2018 the House Price Index for WEST MIDLANDS was 118.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.715%.Applying this 23.715% change to the original purchase price of £249,950 results in an estimated price of approximately £309,224.
| 29 Mar 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 146.7 | 23.715 % | £249,950 | £59,274 | £309,224 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | 106.444 % | £266,056 | £516,006 |
| 3 Month Average | 38.293 % | £95,712 | £345,662 |
| 6 Month Average | 22.015 % | £55,027 | £304,977 |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 12 May 2014.
The average size of a house on SOMERSET DRIVE is 112 sq meters (1,215 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vicarage Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kent Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kent Road |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Kent Road |