£225,610
This estimated value is based upon the latest sale price for the house of £120,000 on 10 Jan 2005. 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 George Rose Gardens
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| Price Paid | Date |
|---|---|
| £120,000 | 10 Jan 2005 |
| £107,500 | 13 Dec 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 186 sq meters or 2,002 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 January 2005 the House Price Index for WEST MIDLANDS was 79.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.008%.Applying this 88.008% change to the original purchase price of £120,000 results in an estimated price of approximately £225,610.
| 10 Jan 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.0 | 148.6 | 88.008 % | £120,000 | £105,610 | £225,610 |
The Postcode Pricing Model uses changes in average sales price within the WS10 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 | 153.860 % | £184,632 | £304,632 |
| 3 Month Average | 40.086 % | £48,103 | £168,103 |
| 6 Month Average | 85.344 % | £102,413 | £222,413 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £86,277 | £85,000 | 18 FORGE ROAD |
| 16 Aug 2023 | £108,449 | £107,500 | 35 HEATHFIELD LANE |
| 20 Jan 2023 | £177,663 | £178,500 | 11 HEATHFIELD LANE |
| 8 Jul 2022 | £150,405 | £150,000 | 101 WOLVERHAMPTON STREET |
| 23 May 2022 | £91,728 | £90,000 | 95 WOLVERHAMPTON STREET |
This house has a floor area of 186 sq meters or 2,002 sq feet when measured on 9 Nov 2017. Using an estimated price of £225,610 means this house is valued at £1,212 per sq meter (£112 per sq foot).
The average size of a house on FORGE ROAD is 119 sq meters (1,286 sq feet).
This house is the largest in the street with a floor area of 186 sq meters (2,002 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near George Rose Gardens |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near George Rose Gardens |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Forge Road |
| Jan 2024 | Anti-social behaviour | On or near Forge Road | |
| Jan 2024 | Anti-social behaviour | On or near Forge Road |