£792,814
This estimated value is based upon the latest sale price for the house of £650,000 on 10 Jan 2020. 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 Elviron Drive
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Price Paid | Date |
---|---|
£650,000 | 10 Jan 2020 |
£370,000 | 6 Feb 2004 |
£167,000 | 27 Nov 1998 |
Detached |
Freehold |
Floor Area: 217 sq meters or 2,335 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 January 2020 the House Price Index for WEST MIDLANDS was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £650,000 results in an estimated price of approximately £792,814.
10 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.6 | 21.971 % | £650,000 | £142,814 | £792,814 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 59.059 % | £383,883 | £1,033,883 |
3 Month Average | 27.064 % | £175,917 | £825,917 |
6 Month Average | 20.443 % | £132,882 | £782,882 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Jan 2023 | £398,125 | £400,000 | 82 REDHOUSE ROAD |
23 Mar 2022 | £803,103 | £775,000 | 94 WROTTESLEY ROAD |
16 Sep 2021 | £501,081 | £465,000 | 7 GREEN ACRES |
29 Jul 2021 | £545,901 | £475,000 | 3 GREEN ACRES |
31 Mar 2021 | £228,187 | £205,000 | 58 REGIS ROAD |
This house has a floor area of 217 sq meters or 2,335 sq feet when measured on 20 Sep 2018. Using an estimated price of £792,814 means this house is valued at £3,653 per sq meter (£339 per sq foot).
The average size of a house on REDHOUSE ROAD is 146 sq meters (1,575 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Unable to prosecute suspect | On or near Elviron Drive |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Rivendell Gardens |
Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near The Meadway |