£166,237
This estimated value is based upon the latest sale price for the house of £48,500 on 18 May 2001. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £48,500 | 18 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 May 2001 the House Price Index for WEST MIDLANDS was 43.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 242.757%.Applying this 242.757% change to the original purchase price of £48,500 results in an estimated price of approximately £166,237.
| 18 May 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 148.6 | 242.757 % | £48,500 | £117,737 | £166,237 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 254.957 % | £123,653 | £172,153 |
| 3 Month Average | 277.897 % | £134,779 | £183,279 |
| 6 Month Average | 282.113 % | £136,824 | £185,324 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £139,906 | £140,000 | 8 GIPSY LANE |
| 26 Aug 2022 | £154,584 | £155,000 | 12 ORCHARD ROAD |
| 29 Jul 2022 | £101,273 | £101,000 | 130 GIPSY LANE |
| 22 Jun 2022 | £86,218 | £85,000 | 19 GIPSY LANE |
| 11 Mar 2022 | £170,983 | £165,000 | 108 GIPSY LANE |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 17 Nov 2015. Using an estimated price of £166,237 means this house is valued at £1,539 per sq meter (£142 per sq foot).
The average size of a house on WAKES CLOSE is 86 sq meters (934 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wakes Close |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Gipsy Lane |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gipsy Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gipsy Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gipsy Lane |