£257,602
This estimated value is based upon the latest sale price for the house of £140,000 on 26 Jun 2009. 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 Water Reed Grove
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| Price Paid | Date |
|---|---|
| £140,000 | 26 Jun 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 June 2009 the House Price Index for WEST MIDLANDS was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.002%.Applying this 84.002% change to the original purchase price of £140,000 results in an estimated price of approximately £257,602.
| 26 Jun 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 84.002 % | £140,000 | £117,602 | £257,602 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | 30.880 % | £43,231 | £183,231 |
| 3 Month Average | 26.122 % | £36,571 | £176,571 |
| 6 Month Average | 31.371 % | £43,919 | £183,919 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £187,268 | £185,000 | 64 WATER REED GROVE |
| 17 Feb 2023 | £231,844 | £232,000 | 23 WATER REED GROVE |
| 9 Nov 2022 | £296,410 | £300,000 | A B A CRANE HIRE LTD REAYMER CLOSE |
| 8 Jul 2022 | £60,162 | £60,000 | 180 WATER REED GROVE |
| 11 Apr 2022 | £226,556 | £220,000 | 172 LEAMORE LANE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 26 Mar 2010. Using an estimated price of £257,603 means this house is valued at £3,628 per sq meter (£337 per sq foot).
The average size of a house on WATER REED GROVE is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Water Reed Grove |
| Mar 2024 | Burglary | Under investigation | On or near Water Reed Grove |
| Feb 2024 | Other theft | Under investigation | On or near Water Reed Grove |
| Dec 2023 | Other theft | Under investigation | On or near Water Reed Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Fryers Close |