£334,461
This estimated value is based upon the latest sale price for the house of £68,000 on 21 Nov 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £68,000 | 21 Nov 1997 |
| Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 November 1997 the House Price Index for WEST MIDLANDS was 30.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 391.855%.Applying this 391.855% change to the original purchase price of £68,000 results in an estimated price of approximately £334,461.
| 21 Nov 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 148.6 | 391.855 % | £68,000 | £266,461 | £334,461 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 200.143 % | £136,097 | £204,097 |
| 3 Month Average | 159.690 % | £108,589 | £176,589 |
| 6 Month Average | 196.975 % | £133,943 | £201,943 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £259,541 | £255,000 | 49 WOODING CRESCENT |
| 19 Aug 2022 | £260,798 | £261,500 | 12 STEAD CLOSE |
| 28 Jun 2022 | £231,268 | £228,000 | 17 WOODING CRESCENT |
| 16 Jun 2022 | £265,756 | £262,000 | 21 JACKSON CLOSE |
| 20 May 2022 | £285,377 | £280,000 | 31 WOODING CRESCENT |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 9 Aug 2019. Using an estimated price of £334,461 means this house is valued at £3,040 per sq meter (£282 per sq foot).
The average size of a house on FARMER WAY is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Local resolution | On or near Jackson Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jackson Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jackson Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Jackson Close |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Jackson Close |