£111,940
This estimated value is based upon the latest sale price for the house of £72,000 on 31 Oct 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Oak Close
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| Price Paid | Date |
|---|---|
| £72,000 | 31 Oct 2007 |
| £40,000 | 16 Mar 2006 |
| £40,000 | 26 Mar 2004 |
| £28,000 | 1 Nov 2002 |
| £21,000 | 24 May 1996 |
| Semi-Detached |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 October 2007 the House Price Index for WEST MIDLANDS was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £72,000 results in an estimated price of approximately £111,940.
| 31 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 148.6 | 55.473 % | £72,000 | £39,940 | £111,940 |
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 | 28.697 % | £20,661 | £92,661 |
| 3 Month Average | -1.822 % | £-1,311 | £70,688 |
| 6 Month Average | 19.514 % | £14,050 | £86,050 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Mar 2023 | £363,424 | £360,000 | 4A ALISON CLOSE |
| 25 Mar 2022 | £269,428 | £260,000 | 39 WAKE GREEN ROAD |
| 18 Feb 2022 | £235,956 | £225,000 | 5 WAKE GREEN ROAD |
| 16 Feb 2022 | £238,054 | £227,000 | 33 ELIZABETH WALK |
| 28 Jan 2022 | £48,937 | £46,500 | 11 CARVER COURT |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 14 Oct 2014. Using an estimated price of £111,941 means this house is valued at £2,603 per sq meter (£241 per sq foot).
The average size of a house on OAK CLOSE is 45 sq meters (494 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Oak Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wake Green Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Elizabeth Walk |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Leslie Drive |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Leslie Drive |