£219,899
This estimated value is based upon the latest sale price for the house of £178,000 on 15 Mar 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £178,000 | 15 Mar 2019 |
| £158,000 | 23 Aug 2016 |
| Semi-Detached |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 March 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £178,000 results in an estimated price of approximately £219,899.
| 15 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £178,000 | £41,899 | £219,899 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | -29.213 % | £-51,999 | £126,000 |
| 3 Month Average | 35.460 % | £63,118 | £241,118 |
| 6 Month Average | 22.967 % | £40,881 | £218,881 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £223,918 | £220,000 | 7 LOCKS VIEW |
| 18 Aug 2023 | £216,897 | £215,000 | 10 GREENWAY AVENUE |
| 21 Jul 2023 | £255,945 | £252,500 | 19 VERITY WALK |
| 2 Mar 2023 | £378,567 | £375,000 | 8 VERITY WALK |
| 31 Oct 2022 | £148,402 | £150,000 | 8 THE JUNCTION |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 6 Aug 2015. Using an estimated price of £219,899 means this house is valued at £3,490 per sq meter (£324 per sq foot).
The average size of a house on LOCKS VIEW is 74 sq meters (797 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Essington Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Essington Close |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Gilbeys Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Argyle Close |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Argyle Close |