£232,978
This estimated value is based upon the latest sale price for the house of £230,000 on 26 Sep 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,000 | 26 Sep 2023 |
| £140,000 | 29 Jan 2016 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 September 2023 the House Price Index for WEST MIDLANDS was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £230,000 results in an estimated price of approximately £232,978.
| 26 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £230,000 | £2,978 | £232,978 |
The Postcode Pricing Model uses changes in average sales price within the DY1 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 | -29.515 % | £-67,885 | £162,114 |
| 3 Month Average | -0.108 % | £-247 | £229,752 |
| 6 Month Average | 14.851 % | £34,157 | £264,157 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Sep 2023 | £253,238 | £250,000 | 256 THE BROADWAY |
| 26 Sep 2023 | £232,979 | £230,000 | 275 THE BROADWAY |
| 30 Aug 2023 | £280,454 | £278,000 | 220 THE BROADWAY |
| 6 Jul 2023 | £291,929 | £288,000 | 235 THE BROADWAY |
| 30 Jun 2023 | £156,901 | £155,000 | 54 HAREBELL CRESCENT |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 21 May 2015. Using an estimated price of £232,979 means this house is valued at £2,478 per sq meter (£230 per sq foot).
The average size of a house on THE BROADWAY is 104 sq meters (1,128 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Traquain Drive |
| Mar 2024 | Other theft | Under investigation | On or near Traquain Drive |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Traquain Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Traquain Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sulgrave Close |