£115,625
This estimated value is based upon the latest sale price for the house of £24,950 on 20 Nov 1998. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £24,950 | 20 Nov 1998 |
| £135,000 | 20 Oct 1997 |
| 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 November 1998 the House Price Index for WEST MIDLANDS was 32.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 363.431%.Applying this 363.431% change to the original purchase price of £24,950 results in an estimated price of approximately £115,625.
| 20 Nov 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 148.6 | 363.431 % | £24,950 | £90,675 | £115,625 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 278.900 % | £69,585 | £94,535 |
| 3 Month Average | 293.354 % | £73,191 | £98,141 |
| 6 Month Average | 287.120 % | £71,636 | £96,586 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £82,442 | £81,000 | FLAT 15 PENDENE COURT, 253 PENN ROAD |
| 19 Apr 2023 | £96,034 | £95,000 | FLAT 7 PENDENE COURT, 253 PENN ROAD |
| 31 Mar 2023 | £85,808 | £85,000 | FLAT 37 PENDENE COURT, 253 PENN ROAD |
| 31 Mar 2023 | £93,380 | £92,500 | FLAT 24 PENDENE COURT, 253 PENN ROAD |
| 30 Mar 2023 | £121,141 | £120,000 | FLAT 10 PENDENE COURT, 253 PENN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penn Road |
| Mar 2024 | Other theft | Under investigation | On or near Penn Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penn Road |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Penn Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Penn Road |