£533,885
This estimated value is based upon the latest sale price for the house of £399,750 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £399,750 | 17 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 June 2016 the House Price Index for WEST MIDLANDS was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £399,750 results in an estimated price of approximately £533,885.
| 17 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £399,750 | £134,135 | £533,885 |
The Postcode Pricing Model uses changes in average sales price within the CV3 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 | 17.613 % | £70,409 | £470,159 |
| 3 Month Average | 24.237 % | £96,888 | £496,638 |
| 6 Month Average | 37.201 % | £148,711 | £548,461 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Nov 2022 | £167,965 | £170,000 | APARTMENT 3 BOURNE HOUSE, 22 GWENDOLYN DRIVE |
| 29 Jul 2022 | £350,945 | £350,000 | 20 MARCONI CLOSE |
| 11 Feb 2022 | £388,017 | £370,000 | 35 SWINBURNE AVENUE |
| 28 Jan 2022 | £320,984 | £305,000 | 24 MARCONI CLOSE |
| 24 Sep 2021 | £350,218 | £325,000 | 25 SWINBURNE AVENUE |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 16 May 2016. Using an estimated price of £533,886 means this house is valued at £3,177 per sq meter (£295 per sq foot).
The average size of a house on MARCONI CLOSE is 132 sq meters (1,422 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Marconi Close | |
| Mar 2024 | Anti-social behaviour | On or near Marconi Close | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gwendolyn Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near David Spencer Drive |
| Feb 2024 | Anti-social behaviour | On or near Omar Road |