£690,051
This estimated value is based upon the latest sale price for the house of £525,000 on 23 Aug 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £525,000 | 23 Aug 2016 |
| £285,000 | 26 Apr 2002 |
| Detached |
| Freehold |
| Floor Area: 175 sq meters or 1,883 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 August 2016 the House Price Index for WEST MIDLANDS was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.438%.Applying this 31.438% change to the original purchase price of £525,000 results in an estimated price of approximately £690,051.
| 23 Aug 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.438 % | £525,000 | £165,051 | £690,051 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | -24.153 % | £-126,803 | £398,196 |
| 3 Month Average | 37.770 % | £198,292 | £723,292 |
| 6 Month Average | 31.767 % | £166,778 | £691,778 |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 13 May 2015.
The average size of a house on MONMOUTH DRIVE is 156 sq meters (1,683 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Carnwath Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Melrose Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Corbridge Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Halton Road |
| Feb 2024 | Public order | Under investigation | On or near Matfen Avenue |