£488,706
This estimated value is based upon the latest sale price for the house of £203,995 on 11 Apr 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £203,995 | 11 Apr 2003 |
| 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 April 2003 the House Price Index for WEST MIDLANDS was 62.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 139.568%.Applying this 139.568% change to the original purchase price of £203,995 results in an estimated price of approximately £488,706.
| 11 Apr 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.0 | 148.6 | 139.568 % | £203,995 | £284,711 | £488,706 |
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 | 86.481 % | £176,417 | £380,412 |
| 3 Month Average | 110.897 % | £226,224 | £430,219 |
| 6 Month Average | 103.255 % | £210,635 | £414,630 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2021 | £111,423 | £104,000 | 7 MAGNOLIA DRIVE |
| 30 Jun 2021 | £364,794 | £340,000 | 15 MAGNOLIA DRIVE |
| 18 Jun 2021 | £346,555 | £323,000 | 17 MAGNOLIA DRIVE |
| 9 Oct 2020 | £381,252 | £325,000 | 2 WISTERIA DRIVE |
| 22 Jan 2020 | £121,971 | £100,000 | 14 LADBURY GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Magnolia Drive |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wisteria Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wisteria Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Walsall Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Walsall Road |