£329,209
This estimated value is based upon the latest sale price for the house of £325,000 on 29 Sep 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £325,000 | 29 Sep 2023 |
| Detached |
| Freehold |
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 September 2023 the House Price Index for WEST MIDLANDS was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £325,000 results in an estimated price of approximately £329,209.
| 29 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 148.6 | 1.295 % | £325,000 | £4,209 | £329,209 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 3.649 % | £11,858 | £336,858 |
| 3 Month Average | 21.580 % | £70,134 | £395,134 |
| 6 Month Average | 5.608 % | £18,227 | £343,227 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £329,209 | £325,000 | 56 LEA MANOR DRIVE |
| 15 Sep 2023 | £303,885 | £300,000 | 10 VICARAGE ROAD |
| 7 Jun 2023 | £344,169 | £340,000 | 36 LEA MANOR DRIVE |
| 21 Apr 2023 | £227,449 | £225,000 | 26 VICARAGE ROAD |
| 17 Jan 2023 | £290,631 | £292,000 | 2 WHEATHILL CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Avenue |
| Mar 2024 | Public order | Under investigation | On or near The Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |