£394,244
This estimated value is based upon the latest sale price for the house of £390,000 on 18 Apr 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£390,000 | 18 Apr 2023 |
£310,995 | 31 Oct 2019 |
Detached |
Freehold |
Floor Area: 113 sq meters or 1,216 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 April 2023 the House Price Index for WEST MIDLANDS was 147.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.088%.Applying this 1.088% change to the original purchase price of £390,000 results in an estimated price of approximately £394,244.
18 Apr 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 148.6 | 1.088 % | £390,000 | £4,244 | £394,244 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 27.587 % | £107,587 | £497,587 |
3 Month Average | -3.595 % | £-14,021 | £375,978 |
6 Month Average | 5.021 % | £19,583 | £409,583 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jul 2023 | £324,366 | £320,000 | 24 THOMSON GROVE |
18 Apr 2023 | £394,245 | £390,000 | 3 PALLADIUM DRIVE |
17 Jan 2023 | £303,570 | £305,000 | 4 VICKERS CLOSE |
10 Nov 2022 | £226,259 | £229,000 | 8 THOMSON GROVE |
1 Jul 2022 | £275,742 | £275,000 | 32 FAIRFIELD ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 5 Sep 2019. Using an estimated price of £394,245 means this house is valued at £3,488 per sq meter (£324 per sq foot).
The average size of a house on PALLADIUM DRIVE is 111 sq meters (1,196 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Palladium Drive |
Feb 2024 | Anti-social behaviour | On or near Palladium Drive | |
Feb 2024 | Anti-social behaviour | On or near Palladium Drive | |
Feb 2024 | Anti-social behaviour | On or near Palladium Drive | |
Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Houston Way |