£357,357
This estimated value is based upon the latest sale price for the house of £290,000 on 9 Nov 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£290,000 | 9 Nov 2018 |
£240,000 | 11 Jun 2004 |
£100,000 | 3 Mar 1997 |
Detached |
Freehold |
Floor Area: 123 sq meters or 1,329 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 November 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £290,000 results in an estimated price of approximately £357,357.
9 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.6 | 148.6 | 23.227 % | £290,000 | £67,357 | £357,357 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | -3.008 % | £-8,723 | £281,276 |
3 Month Average | 25.310 % | £73,397 | £363,397 |
6 Month Average | 6.817 % | £19,768 | £309,768 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Nov 2021 | £362,307 | £335,000 | 22 RAVENSDALE GARDENS |
30 Sep 2021 | £344,830 | £320,000 | 17 RAVENSDALE GARDENS |
17 Sep 2021 | £593,753 | £551,000 | 16 RAVEN ROAD |
10 Sep 2021 | £287,717 | £267,000 | 7 CRICKET CLOSE |
28 Jul 2021 | £367,765 | £320,000 | 20 RAVENSDALE GARDENS |
This house has a floor area of 123 sq meters or 1,329 sq feet when measured on 5 Nov 2009. Using an estimated price of £357,357 means this house is valued at £2,893 per sq meter (£268 per sq foot).
The average size of a house on RAVEN ROAD is 139 sq meters (1,505 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Drugs | Investigation complete; no suspect identified | On or near Raven Road |
Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Birmingham Road |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Birmingham Road |
Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Parking Area |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |