£113,109
This estimated value is based upon the latest sale price for the house of £87,000 on 10 Feb 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £87,000 | 10 Feb 2017 |
| £83,000 | 27 Jan 2005 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 February 2017 the House Price Index for WEST MIDLANDS was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £87,000 results in an estimated price of approximately £113,109.
| 10 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £87,000 | £26,109 | £113,109 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | 44.548 % | £38,757 | £125,757 |
| 3 Month Average | 40.842 % | £35,532 | £122,532 |
| 6 Month Average | 48.627 % | £42,305 | £129,305 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £167,938 | £165,000 | 40 GROSVENOR STREET |
| 24 Nov 2023 | £238,531 | £235,000 | 66 TUMBLER GROVE |
| 18 Aug 2023 | £189,659 | £188,000 | 24 SPRINGFIELD ROAD |
| 10 Aug 2023 | £118,033 | £117,000 | 45 GROSVENOR STREET |
| 24 Jul 2023 | £142,924 | £141,000 | 32 BURTON ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 24 Feb 2017. Using an estimated price of £113,110 means this house is valued at £1,216 per sq meter (£112 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 91 sq meters (988 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hemmings Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hemmings Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Hemmings Close |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Burton Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Burton Road |