£376,092
This estimated value is based upon the latest sale price for the house of £295,000 on 5 Jul 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £295,000 | 5 Jul 2017 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 July 2017 the House Price Index for WEST MIDLANDS was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £295,000 results in an estimated price of approximately £376,092.
| 5 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £295,000 | £81,092 | £376,092 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 106.401 % | £313,883 | £608,883 |
| 3 Month Average | 23.700 % | £69,913 | £364,913 |
| 6 Month Average | 29.230 % | £86,228 | £381,228 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £576,989 | £570,000 | 7 ORMES LANE |
| 14 Apr 2022 | £111,218 | £108,000 | 70 HIGH MEADOWS |
| 1 Apr 2022 | £203,900 | £198,000 | 5 CYGNET CLOSE |
| 28 Jan 2022 | £119,448 | £113,500 | 72 HIGH MEADOWS |
| 20 Jan 2022 | £494,632 | £470,000 | 35 ORMES LANE |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 20 Feb 2017. Using an estimated price of £376,092 means this house is valued at £3,514 per sq meter (£326 per sq foot).
The average size of a house on HIGH MEADOWS is 78 sq meters (846 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Sandy Hollow |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Sandy Hollow |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Sandy Hollow |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Sandy Hollow |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near High Meadows |