£237,163
This estimated value is based upon the latest sale price for the house of £180,000 on 25 Nov 2016. 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 Redesdale Avenue
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| Price Paid | Date |
|---|---|
| £180,000 | 25 Nov 2016 |
| £120,000 | 20 Aug 2012 |
| £49,500 | 12 Jul 1996 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 November 2016 the House Price Index for WEST MIDLANDS was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £180,000 results in an estimated price of approximately £237,163.
| 25 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £180,000 | £57,163 | £237,163 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 16.254 % | £29,256 | £209,256 |
| 3 Month Average | 35.100 % | £63,180 | £243,180 |
| 6 Month Average | 29.149 % | £52,467 | £232,467 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £179,432 | £177,500 | 79 REDESDALE AVENUE |
| 27 Jul 2022 | £220,594 | £220,000 | 38 REDESDALE AVENUE |
| 26 Jul 2022 | £250,675 | £250,000 | 39 LAVENDER AVENUE |
| 15 Jul 2022 | £248,168 | £247,500 | 57 LAVENDER AVENUE |
| 27 Jun 2022 | £268,799 | £265,000 | 47 LAVENDER AVENUE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 24 Jun 2016. Using an estimated price of £237,164 means this house is valued at £2,964 per sq meter (£275 per sq foot).
The average size of a house on REDESDALE AVENUE is 85 sq meters (915 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Redesdale Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Croome Close |
| Mar 2024 | Other crime | Under investigation | On or near Lavender Avenue |
| Mar 2024 | Other crime | Under investigation | On or near Lavender Avenue |
| Mar 2024 | Other crime | Under investigation | On or near Lavender Avenue |