£9,919
This estimated value is based upon the latest sale price for the house of £10,000 on 6 Sep 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £10,000 | 6 Sep 2022 |
| £64,000 | 6 Jul 2000 |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2022 the House Price Index for WEST MIDLANDS was 149.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.801%.Applying this -0.801% change to the original purchase price of £10,000 results in an estimated price of approximately £9,919.
| 6 Sep 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.8 | 148.6 | -0.801 % | £10,000 | £-80 | £9,919 |
The Postcode Pricing Model uses changes in average sales price within the B92 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 | 55.534 % | £5,553 | £15,553 |
| 3 Month Average | -9.764 % | £-976 | £9,023 |
| 6 Month Average | -2.501 % | £-250 | £9,749 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £334,859 | £329,000 | 28 WHEELEY ROAD |
| 28 Sep 2023 | £158,696 | £156,667 | 35 MITFORD DRIVE |
| 27 Sep 2023 | £278,562 | £275,000 | 36 ROUNCIL CLOSE |
| 11 Sep 2023 | £128,645 | £127,000 | 61 GREENLAND RISE |
| 31 Mar 2023 | £182,721 | £181,000 | 23 GREENLAND RISE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 6 Jun 2013. Using an estimated price of £9,920 means this house is valued at £135 per sq meter (£12 per sq foot).
The average size of a house on WHEELEY ROAD is 97 sq meters (1,050 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeley Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeley Road |
| Jan 2024 | Anti-social behaviour | On or near Wheeley Road | |
| Jan 2024 | Anti-social behaviour | On or near Wheeley Road | |
| Jan 2024 | Anti-social behaviour | On or near Wheeley Road |