£117,199
This estimated value is based upon the latest sale price for the house of £78,000 on 16 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 |
|---|---|
| £78,000 | 16 Dec 2014 |
| £70,000 | 15 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 May 2024 is 149.7 which is a change of 50.255%.Applying this 50.255% change to the original purchase price of £78,000 results in an estimated price of approximately £117,199.
| 16 Dec 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 149.7 | 50.255 % | £78,000 | £39,199 | £117,199 |
The Postcode Pricing Model uses changes in average sales price within the WV8 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 | 30.165 % | £23,528 | £101,528 |
| 3 Month Average | 85.902 % | £67,003 | £145,003 |
| 6 Month Average | 36.375 % | £28,372 | £106,372 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £154,755 | £150,000 | 57 WEYHILL CLOSE |
| 4 Oct 2023 | £203,625 | £199,000 | 16 CORNFIELD |
| 2 Aug 2023 | £91,653 | £90,000 | 38 WEYHILL CLOSE |
| 30 Mar 2023 | £186,108 | £183,000 | 6 TORFIELD |
| 11 Jan 2023 | £134,359 | £134,000 | 43 CORNFIELD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 1 Oct 2013. Using an estimated price of £117,199 means this house is valued at £1,347 per sq meter (£125 per sq foot).
The average size of a house on TORFIELD is 105 sq meters (1,135 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Torfield |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Middlefield |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenfield |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenfield |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenfield |