This estimated value is based upon the latest sale price for the house of £540,000 on 5 Apr 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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|£540,000||5 Apr 2019|
|£550,000||8 Nov 2016|
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 April 2019 the House Price Index for WEST MIDLANDS was 120.2.The House Price Index as of 1 May 2022 is 148.5 which is a change of 23.574%.
Applying this 23.574% change to the original purchase price of £540,000 results in an estimated price of approximately £667,301.
|5 Apr 2019||1 May 2022||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the B92 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||-26.787 %||£-144,648||£395,351|
|3 Month Average||13.795 %||£74,494||£614,494|
|6 Month Average||-0.418 %||£-2,254||£537,745|
|Date||Current Estimated Value||Price Paid||Address|
|18 Dec 2020||£1,390,550||£1,212,500||24 THE CRESCENT|
|3 Dec 2020||£751,184||£655,000||30 LAPWING DRIVE|
|16 Jul 2020||£1,002,879||£830,000||23 THE CRESCENT|
|5 May 2020||£855,579||£700,000||46 THE CRESCENT|
|12 Dec 2019||£785,761||£641,000||38 THE CRESCENT|
|May 2022||Other crime||Under investigation||On or near Nesfield Grove|
|Mar 2022||Vehicle crime||Investigation complete; no suspect identified||On or near The Crescent|
|Apr 2022||Violence and sexual offences||Investigation complete; no suspect identified||On or near Sports/Recreation Area|
|Apr 2022||Burglary||Investigation complete; no suspect identified||On or near Corbetts Close|
|May 2022||Burglary||Investigation complete; no suspect identified||On or near Meriden Road|
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