£173,718
This estimated value is based upon the latest sale price for the house of £135,000 on 9 May 2017. 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 Heathfield Close
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| Price Paid | Date |
|---|---|
| £135,000 | 9 May 2017 |
| £99,950 | 12 Nov 2004 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 2017 the House Price Index for WEST MIDLANDS was 115.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £135,000 results in an estimated price of approximately £173,718.
| 9 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £135,000 | £38,718 | £173,718 |
The Postcode Pricing Model uses changes in average sales price within the B64 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 | 28.053 % | £37,871 | £172,871 |
| 3 Month Average | 29.825 % | £40,264 | £175,264 |
| 6 Month Average | 38.098 % | £51,432 | £186,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £162,849 | £160,000 | 3 CHERRY DRIVE |
| 4 Sep 2023 | £164,605 | £162,500 | 38 BLOSSOM GROVE |
| 8 Feb 2023 | £184,876 | £185,000 | 11 BLOSSOM GROVE |
| 22 Jul 2022 | £179,483 | £179,000 | 30 CLIFTON STREET |
| 14 Jun 2022 | £248,512 | £245,000 | 11 WESLEY CLOSE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 22 Nov 2016. Using an estimated price of £173,718 means this house is valued at £2,592 per sq meter (£240 per sq foot).
The average size of a house on WRIGHTS LANE is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Heathfield Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heathfield Close |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Heathfield Close |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Heathfield Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Heathfield Close |