£256,462
This estimated value is based upon the latest sale price for the house of £240,000 on 30 Jun 2021. 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 Cromwell Street
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| Price Paid | Date |
|---|---|
| £240,000 | 30 Jun 2021 |
| £125,000 | 20 Jun 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 June 2021 the House Price Index for WEST MIDLANDS was 138.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 6.859%.Applying this 6.859% change to the original purchase price of £240,000 results in an estimated price of approximately £256,462.
| 30 Jun 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.0 | 6.859 % | £240,000 | £16,462 | £256,462 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -40.073 % | £-96,176 | £143,823 |
| 3 Month Average | -19.593 % | £-47,023 | £192,976 |
| 6 Month Average | -3.347 % | £-8,031 | £231,968 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £246,499 | £245,000 | 56 GARRATT STREET |
| 19 Apr 2023 | £141,048 | £140,000 | 14 RALEIGH STREET |
| 18 Nov 2022 | £193,856 | £197,000 | 2 GARRATT STREET |
| 18 Aug 2022 | £243,356 | £245,000 | 9 CLIVE STREET |
| 19 Nov 2021 | £91,557 | £85,000 | 3 FREDERICK STREET |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 21 Jan 2020. Using an estimated price of £256,462 means this house is valued at £2,757 per sq meter (£256 per sq foot).
The average size of a house on CLIVE STREET is 100 sq meters (1,077 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cromwell Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Cromwell Street |
| Mar 2024 | Violence and sexual offences | Offender given a caution | On or near Cromwell Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cromwell Street |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Cromwell Street |