£173,573
This estimated value is based upon the latest sale price for the house of £167,500 on 25 Mar 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £167,500 | 25 Mar 2022 |
| £104,000 | 11 Aug 2017 |
| £106,000 | 3 Dec 2007 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2022 the House Price Index for WEST MIDLANDS was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £167,500 results in an estimated price of approximately £173,573.
| 25 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £167,500 | £6,073 | £173,573 |
The Postcode Pricing Model uses changes in average sales price within the B37 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 | -15.157 % | £-25,388 | £142,111 |
| 3 Month Average | -2.396 % | £-4,013 | £163,486 |
| 6 Month Average | 11.532 % | £19,315 | £186,815 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jun 2023 | £178,158 | £176,000 | 48 KELSULL CROFT |
| 25 Jan 2023 | £184,133 | £185,000 | 43 ARDERNE DRIVE |
| 17 Oct 2022 | £187,976 | £190,000 | 12 KELSULL CROFT |
| 18 Jul 2022 | £200,540 | £200,000 | 57 CHAPELHOUSE ROAD |
| 31 May 2022 | £142,689 | £140,000 | 19 HOLLY LODGE WALK |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 4 Sep 2013. Using an estimated price of £173,574 means this house is valued at £2,169 per sq meter (£201 per sq foot).
The average size of a house on ARDERNE DRIVE is 85 sq meters (917 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arderne Drive |
| Mar 2024 | Other theft | Under investigation | On or near Arderne Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Arderne Drive |
| Dec 2023 | Other theft | Under investigation | On or near Arderne Drive |
| Mar 2024 | Bicycle theft | Under investigation | On or near Kelsull Croft |