£324,365
This estimated value is based upon the latest sale price for the house of £320,000 on 20 Jul 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£320,000 | 20 Jul 2023 |
£254,912 | 14 Nov 2019 |
Detached |
Freehold |
Floor Area: 88 sq meters or 947 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 July 2023 the House Price Index for WEST MIDLANDS was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £320,000 results in an estimated price of approximately £324,365.
20 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.6 | 148.6 | 1.364 % | £320,000 | £4,365 | £324,365 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | -45.666 % | £-146,130 | £173,869 |
3 Month Average | -9.489 % | £-30,366 | £289,633 |
6 Month Average | 4.602 % | £14,724 | £334,724 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jul 2023 | £324,366 | £320,000 | 24 THOMSON GROVE |
18 Apr 2023 | £394,245 | £390,000 | 3 PALLADIUM DRIVE |
10 Feb 2023 | £215,855 | £216,000 | 42 THOMSON GROVE |
17 Jan 2023 | £303,570 | £305,000 | 4 VICKERS CLOSE |
10 Nov 2022 | £226,259 | £229,000 | 8 THOMSON GROVE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 24 Oct 2019. Using an estimated price of £324,366 means this house is valued at £3,685 per sq meter (£342 per sq foot).
The average size of a house on THOMSON GROVE is 90 sq meters (974 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thomson Grove |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Palladium Drive |
Feb 2024 | Anti-social behaviour | On or near Palladium Drive | |
Feb 2024 | Anti-social behaviour | On or near Palladium Drive | |
Feb 2024 | Anti-social behaviour | On or near Palladium Drive |