£327,136
This estimated value is based upon the latest sale price for the house of £187,000 on 31 Oct 2008. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £187,000 | 31 Oct 2008 |
| £89,000 | 15 Dec 1997 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,360 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 2008 the House Price Index for WEST MIDLANDS was 84.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 74.939%.Applying this 74.939% change to the original purchase price of £187,000 results in an estimated price of approximately £327,136.
| 31 Oct 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.9 | 148.6 | 74.939 % | £187,000 | £140,136 | £327,136 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | 29.622 % | £55,393 | £242,393 |
| 3 Month Average | 67.356 % | £125,954 | £312,954 |
| 6 Month Average | 61.835 % | £115,631 | £302,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Aug 2023 | £252,206 | £250,000 | 7 FERNDOWN CLOSE |
| 11 Aug 2023 | £206,809 | £205,000 | 5 THE GLADE |
| 28 Jul 2023 | £223,001 | £220,000 | 9 ASHCOMBE DRIVE |
| 29 Jun 2023 | £248,004 | £245,000 | 11 FERNDOWN CLOSE |
| 29 Mar 2023 | £204,426 | £202,500 | 16 ASHCOMBE DRIVE |
This house has a floor area of 126 sq meters or 1,360 sq feet when measured on 16 Oct 2008. Using an estimated price of £327,136 means this house is valued at £2,589 per sq meter (£240 per sq foot).
The average size of a house on BROAD LANE is 111 sq meters (1,203 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Drugs | Under investigation | On or near The Glade |
| Dec 2023 | Possession of weapons | Under investigation | On or near The Glade |
| Feb 2024 | Burglary | Under investigation | On or near Ferndown Close |
| Dec 2023 | Possession of weapons | Under investigation | On or near Ferndown Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Staverton Close |