£379,397
This estimated value is based upon the latest sale price for the house of £315,000 on 16 Mar 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £315,000 | 16 Mar 2020 |
| £225,000 | 27 Feb 2014 |
| Detached |
| Freehold |
| Floor Area: 131 sq meters or 1,410 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 March 2020 the House Price Index for WEST MIDLANDS was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £315,000 results in an estimated price of approximately £379,397.
| 16 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £315,000 | £64,397 | £379,397 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 62.434 % | £196,666 | £511,666 |
| 3 Month Average | 18.444 % | £58,099 | £373,099 |
| 6 Month Average | 10.726 % | £33,787 | £348,787 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £295,164 | £290,000 | 12 MILESTONE WAY |
| 15 Dec 2023 | £213,740 | £210,000 | 14 NEVIS GROVE |
| 29 Jun 2023 | £258,127 | £255,000 | 7 NEVIS GROVE |
| 17 Mar 2023 | £171,617 | £170,000 | 29 ROSEWOOD DRIVE |
| 25 Jan 2023 | £233,898 | £235,000 | 9 ROSEWOOD DRIVE |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 24 Mar 2015. Using an estimated price of £379,398 means this house is valued at £2,896 per sq meter (£269 per sq foot).
There is one other house on the street which we know the size of, this is 6 MERANTI CLOSE it is 75.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Rosewood Drive |
| Mar 2024 | Anti-social behaviour | On or near Essington Road | |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Essington Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Essington Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Essington Road |