£295,288
This estimated value is based upon the latest sale price for the house of £240,000 on 2 Jan 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 2 Jan 2019 |
| £225,000 | 26 Apr 2013 |
| £115,000 | 20 May 2002 |
| Detached |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.037%.Applying this 23.037% change to the original purchase price of £240,000 results in an estimated price of approximately £295,288.
| 2 Jan 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.0 | 23.037 % | £240,000 | £55,288 | £295,288 |
The Postcode Pricing Model uses changes in average sales price within the CV4 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 | -14.505 % | £-34,811 | £205,188 |
| 3 Month Average | -16.769 % | £-40,244 | £199,755 |
| 6 Month Average | -2.163 % | £-5,191 | £234,808 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £405,202 | £400,000 | 250 BROAD LANE |
| 16 Aug 2023 | £382,828 | £380,500 | 195 BROAD LANE |
| 19 Jan 2023 | £254,762 | £257,000 | 28 CLAVERDON ROAD |
| 12 May 2022 | £463,896 | £457,000 | 155 BROAD LANE |
| 25 Mar 2022 | £335,425 | £325,000 | 220 BROAD LANE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 15 Oct 2018. Using an estimated price of £295,288 means this house is valued at £3,885 per sq meter (£360 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cadden Drive |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Cadden Drive |
| Mar 2024 | Drugs | Under investigation | On or near Cadden Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cadden Drive |
| Jan 2024 | Other crime | Further investigation is not in the public interest | On or near Cadden Drive |