£279,317
This estimated value is based upon the latest sale price for the house of £162,500 on 31 Jan 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £162,500 | 31 Jan 2012 |
| £173,000 | 12 Dec 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 810 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 2012 the House Price Index for WEST MIDLANDS was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.888%.Applying this 71.888% change to the original purchase price of £162,500 results in an estimated price of approximately £279,317.
| 31 Jan 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 148.6 | 71.888 % | £162,500 | £116,817 | £279,317 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | -8.754 % | £-14,224 | £148,275 |
| 3 Month Average | 42.472 % | £69,017 | £231,517 |
| 6 Month Average | 58.237 % | £94,634 | £257,134 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £330,788 | £325,000 | 17 NAIRN CLOSE |
| 13 Nov 2023 | £268,982 | £265,000 | 30 NAIRN CLOSE |
| 16 Jun 2023 | £376,561 | £372,000 | 20 SHERWOOD CLOSE |
| 15 Aug 2022 | £279,248 | £280,000 | 36 SHERWOOD CLOSE |
| 29 Jul 2022 | £348,939 | £348,000 | 23 NAIRN CLOSE |
This house has a floor area of 75 sq meters or 810 sq feet when measured on 29 Nov 2011. Using an estimated price of £279,318 means this house is valued at £3,708 per sq meter (£344 per sq foot).
The average size of a house on NAIRN CLOSE is 89 sq meters (959 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Nairn Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sherwood Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Sherwood Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Sherwood Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pipers Green |