£307,164
This estimated value is based upon the latest sale price for the house of £247,500 on 21 Dec 2017. 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 School Close
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| Price Paid | Date |
|---|---|
| £247,500 | 21 Dec 2017 |
| £130,000 | 1 Aug 2002 |
| £95,000 | 14 Nov 2001 |
| Detached |
| Freehold |
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 2017 the House Price Index for WEST MIDLANDS was 118.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.107%.Applying this 24.107% change to the original purchase price of £247,500 results in an estimated price of approximately £307,164.
| 21 Dec 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 146.7 | 24.107 % | £247,500 | £59,664 | £307,164 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | 5.121 % | £12,673 | £260,173 |
| 3 Month Average | 30.850 % | £76,352 | £323,852 |
| 6 Month Average | 33.119 % | £81,970 | £329,470 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near School Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near School Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near School Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mavis Road |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Mavis Road |