£283,431
This estimated value is based upon the latest sale price for the house of £230,000 on 12 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,000 | 12 Oct 2018 |
| £158,500 | 5 Feb 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 October 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 23.231%.Applying this 23.231% change to the original purchase price of £230,000 results in an estimated price of approximately £283,431.
| 12 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £230,000 | £53,431 | £283,431 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 13.809 % | £31,761 | £261,761 |
| 3 Month Average | 4.049 % | £9,312 | £239,312 |
| 6 Month Average | 31.296 % | £71,980 | £301,980 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £122,137 | £120,000 | 5 SIMON CLOSE |
| 10 Feb 2023 | £199,866 | £200,000 | 281 WALSALL ROAD |
| 19 Apr 2022 | £58,699 | £57,000 | 289 WALSALL ROAD |
| 28 Jan 2022 | £236,792 | £225,000 | 186 WALSALL ROAD |
| 7 Dec 2021 | £151,064 | £141,000 | 7 SIMON CLOSE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 7 Aug 2018. Using an estimated price of £283,431 means this house is valued at £2,553 per sq meter (£237 per sq foot).
The average size of a house on WALSALL ROAD is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Simon Close |
| Feb 2024 | Drugs | Under investigation | On or near Simon Close |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Simon Close |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Simon Close |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Simon Close |