£240,300
This estimated value is based upon the latest sale price for the house of £195,000 on 1 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £195,000 | 1 Oct 2018 |
| £80,000 | 14 Dec 2001 |
| 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 October 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £195,000 results in an estimated price of approximately £240,300.
| 1 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £195,000 | £45,300 | £240,300 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 26.960 % | £52,571 | £247,571 |
| 3 Month Average | 31.354 % | £61,139 | £256,139 |
| 6 Month Average | 28.743 % | £56,048 | £251,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £213,156 | £210,000 | 3 ALCESTER DRIVE |
| 13 Mar 2023 | £208,969 | £207,000 | 32 MILCOTE DRIVE |
| 12 May 2022 | £231,359 | £227,000 | 28 ALCESTER DRIVE |
| 31 Jan 2022 | £221,006 | £210,000 | 10 CHILTERN DRIVE |
| 19 Nov 2021 | £196,836 | £182,000 | 28 UPLANDS AVENUE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 17 Apr 2014. Using an estimated price of £240,300 means this house is valued at £2,583 per sq meter (£240 per sq foot).
The average size of a house on MILCOTE DRIVE is 90 sq meters (975 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alcester Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alcester Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Alcester Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alcester Drive |
| Mar 2024 | Vehicle crime | Awaiting court outcome | On or near Alcester Drive |