£351,395
This estimated value is based upon the latest sale price for the house of £220,000 on 27 Jan 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £220,000 | 27 Jan 2014 |
| £170,000 | 31 Mar 2004 |
| Detached |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 January 2014 the House Price Index for WEST MIDLANDS was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £220,000 results in an estimated price of approximately £351,395.
| 27 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £220,000 | £131,395 | £351,395 |
The Postcode Pricing Model uses changes in average sales price within the WS4 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 | 63.949 % | £140,688 | £360,688 |
| 3 Month Average | 3.067 % | £6,746 | £226,746 |
| 6 Month Average | 26.728 % | £58,802 | £278,802 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £212,720 | £210,000 | CORONATION COTTAGES, 56 SPRING ROAD |
| 9 Aug 2023 | £351,071 | £348,000 | 9 STREAMSIDE WAY |
| 13 Jul 2023 | £309,161 | £305,000 | 4 MEADOWLANDS DRIVE |
| 5 Jun 2023 | £187,268 | £185,000 | 46 SPRING ROAD |
| 18 Nov 2022 | £197,606 | £200,000 | 27 SPRING ROAD |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 4 Jun 2013. Using an estimated price of £351,396 means this house is valued at £3,029 per sq meter (£281 per sq foot).
There is one other house on the street which we know the size of, this is 6 WOODHAVEN it is 142.41
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broadheath Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Swan Pool Grove |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Watermeadow Drive |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Gladeside Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Little Orchard Close |