£384,460
This estimated value is based upon the latest sale price for the house of £226,000 on 1 Oct 2010. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Pennhouse Avenue
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| Price Paid | Date |
|---|---|
| £226,000 | 1 Oct 2010 |
| £102,000 | 13 Jun 2003 |
| Semi-Detached |
| Freehold |
| Floor Area: 160 sq meters or 1,729 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 2010 the House Price Index for WEST MIDLANDS was 87.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.115%.Applying this 70.115% change to the original purchase price of £226,000 results in an estimated price of approximately £384,460.
| 1 Oct 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.4 | 148.6 | 70.115 % | £226,000 | £158,460 | £384,460 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 30.403 % | £68,710 | £294,710 |
| 3 Month Average | 50.241 % | £113,543 | £339,543 |
| 6 Month Average | 42.409 % | £95,843 | £321,843 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jun 2023 | £404,905 | £400,000 | 3 OSBORNE ROAD |
| 10 Feb 2023 | £419,718 | £420,000 | 11 OSBORNE ROAD |
| 24 Jan 2023 | £348,359 | £350,000 | 29 PENNHOUSE AVENUE |
| 30 Nov 2022 | £251,948 | £255,000 | 89 PENNHOUSE AVENUE |
| 21 Nov 2022 | £316,121 | £319,950 | 2 HOPSTONE GARDENS |
This house has a floor area of 160 sq meters or 1,729 sq feet when measured on 8 Jun 2010. Using an estimated price of £384,460 means this house is valued at £2,392 per sq meter (£222 per sq foot).
The average size of a house on PENNHOUSE AVENUE is 118 sq meters (1,271 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Pennhouse Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Osborne Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wells Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Grosvenor Park |