£131,591
This estimated value is based upon the latest sale price for the house of £106,000 on 31 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £106,000 | 31 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 October 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £106,000 results in an estimated price of approximately £131,591.
| 31 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £106,000 | £25,591 | £131,591 |
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 | 102.213 % | £108,346 | £214,346 |
| 3 Month Average | 36.790 % | £38,997 | £144,997 |
| 6 Month Average | 32.486 % | £34,435 | £140,435 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £181,577 | £180,000 | 11 LAWRENCE STREET |
| 4 Apr 2024 | £149,296 | £148,000 | 121 WEBSTER ROAD |
| 26 Mar 2024 | £137,107 | £135,000 | 130 THORNE ROAD |
| 15 Mar 2024 | £187,887 | £185,000 | 96 THORNE ROAD |
| 1 Mar 2024 | £164,528 | £162,000 | 84 WEBSTER ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 13 Jul 2021. Using an estimated price of £131,592 means this house is valued at £1,802 per sq meter (£167 per sq foot).
The average size of a house on THORNE ROAD is 80 sq meters (861 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near George Street |
| Jun 2024 | Public order | Unable to prosecute suspect | On or near Thorne Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Borrow Street |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Borrow Street |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Borrow Street |