£261,994
This estimated value is based upon the latest sale price for the house of £152,000 on 20 Dec 2011. 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 Newfield Close
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| Price Paid | Date |
|---|---|
| £152,000 | 20 Dec 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 December 2011 the House Price Index for WEST MIDLANDS was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £152,000 results in an estimated price of approximately £261,994.
| 20 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £152,000 | £109,994 | £261,994 |
The Postcode Pricing Model uses changes in average sales price within the B91 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 | 31.100 % | £47,272 | £199,272 |
| 3 Month Average | 12.107 % | £18,402 | £170,402 |
| 6 Month Average | 33.385 % | £50,745 | £202,745 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £81,425 | £80,000 | APARTMENT 24 ST FRANCIS LODGE, 24 CORNYX LANE |
| 21 Jul 2023 | £304,093 | £300,000 | 74 REDLANDS ROAD |
| 21 Jul 2023 | £130,760 | £129,000 | APARTMENT 16 ST FRANCIS LODGE, 24 CORNYX LANE |
| 9 Jun 2023 | £283,433 | £280,000 | 57 REDLANDS ROAD |
| 3 Mar 2023 | £343,234 | £340,000 | 15 ORCHARD AVENUE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 2 Jun 2021. Using an estimated price of £261,995 means this house is valued at £3,797 per sq meter (£352 per sq foot).
The average size of a house on ORCHARD AVENUE is 86 sq meters (931 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Newfield Close |
| Dec 2023 | Drugs | Unable to prosecute suspect | On or near Newfield Close |
| Mar 2024 | Other crime | Under investigation | On or near Redlands Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Redlands Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Redlands Road |