£107,388
This estimated value is based upon the latest sale price for the house of £72,000 on 22 Dec 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £72,000 | 22 Dec 2014 |
| £82,500 | 19 Oct 2007 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 December 2014 the House Price Index for WEST MIDLANDS was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £72,000 results in an estimated price of approximately £107,388.
| 22 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £72,000 | £35,388 | £107,388 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 41.865 % | £30,142 | £102,142 |
| 3 Month Average | 76.926 % | £55,386 | £127,386 |
| 6 Month Average | 58.265 % | £41,950 | £113,950 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £162,183 | £160,000 | 28 THORNE ROAD |
| 16 Jun 2023 | £182,207 | £180,000 | 85 THORNE ROAD |
| 17 Apr 2023 | £165,785 | £164,000 | 49 WEBSTER ROAD |
| 15 Jul 2022 | £117,817 | £117,500 | 73 WEBSTER ROAD |
| 29 Jun 2022 | £198,810 | £196,000 | 28 WEBSTER ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 1 Aug 2014. Using an estimated price of £107,389 means this house is valued at £1,394 per sq meter (£129 per sq foot).
The average size of a house on THORNE ROAD is 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Thorne Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thorne Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Webster Road |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Webster Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Borrow Street |