£272,947
This estimated value is based upon the latest sale price for the house of £145,000 on 15 Nov 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been three burglaries within the last year on or near The Grove
More crime details
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| Price Paid | Date |
|---|---|
| £145,000 | 15 Nov 2004 |
| Semi-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 November 2004 the House Price Index for WEST MIDLANDS was 78.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.239%.Applying this 88.239% change to the original purchase price of £145,000 results in an estimated price of approximately £272,947.
| 15 Nov 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 148.6 | 88.239 % | £145,000 | £127,947 | £272,947 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 48.559 % | £70,411 | £215,411 |
| 3 Month Average | 65.130 % | £94,438 | £239,438 |
| 6 Month Average | 65.634 % | £95,169 | £240,169 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £120,000 | £120,000 | 54 BIRMINGHAM NEW ROAD |
| 21 Apr 2023 | £277,993 | £275,000 | 24 BIRMINGHAM NEW ROAD |
| 29 Mar 2023 | £1,514,266 | £1,500,000 | SCOTTS GARAGE BIRMINGHAM NEW ROAD |
| 10 Mar 2023 | £166,569 | £165,000 | 22 VERONICA AVENUE |
| 5 Jan 2023 | £181,147 | £182,000 | 56 BIRMINGHAM NEW ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near The Grove |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near The Grove |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near The Grove |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Olive Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Olive Avenue |