£407,212
This estimated value is based upon the latest sale price for the house of £272,000 on 15 Oct 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £272,000 | 15 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 2014 the House Price Index for WEST MIDLANDS was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £272,000 results in an estimated price of approximately £407,212.
| 15 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £272,000 | £135,212 | £407,212 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | 47.128 % | £128,188 | £400,188 |
| 3 Month Average | 44.629 % | £121,389 | £393,389 |
| 6 Month Average | 39.082 % | £106,302 | £378,302 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £471,072 | £466,000 | 46 LAKE AVENUE |
| 8 Mar 2023 | £605,707 | £600,000 | 63 GILLITY AVENUE |
| 28 Feb 2023 | £398,732 | £399,000 | 48 GILLITY AVENUE |
| 11 Jan 2023 | £555,384 | £558,000 | 66 GILLITY AVENUE |
| 15 Aug 2022 | £568,470 | £570,000 | 3 LAKE AVENUE |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 6 May 2014. Using an estimated price of £407,213 means this house is valued at £3,310 per sq meter (£307 per sq foot).
The average size of a house on SPRINGVALE AVENUE is 159 sq meters (1,716 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Springvale Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lake Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lake Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lake Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lake Avenue |