£151,411
This estimated value is based upon the latest sale price for the house of £140,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £140,000 | 12 Nov 2021 |
| £85,000 | 14 Sep 2018 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £140,000 results in an estimated price of approximately £151,411.
| 12 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £140,000 | £11,411 | £151,411 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | -16.679 % | £-23,351 | £116,648 |
| 3 Month Average | -6.209 % | £-8,693 | £131,306 |
| 6 Month Average | 11.019 % | £15,425 | £155,425 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £151,943 | £150,000 | 20 RALEIGH STREET |
| 15 Mar 2023 | £1,160,938 | £1,150,000 | 38 WOLVERHAMPTON ROAD |
| 2 Mar 2022 | £190,672 | £184,000 | 46 DRAYTON STREET |
| 22 Feb 2022 | £95,431 | £91,000 | 70 JESSEL ROAD |
| 19 Nov 2021 | £91,929 | £85,000 | 24 FORRESTER STREET |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 1 Aug 2018. Using an estimated price of £151,412 means this house is valued at £1,760 per sq meter (£163 per sq foot).
The average size of a house on WOLVERHAMPTON ROAD is 94 sq meters (1,015 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Forrester Street Precinct |
| Mar 2024 | Other theft | Under investigation | On or near Forrester Street Precinct |
| Mar 2024 | Anti-social behaviour | On or near Forrester Street Precinct | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Forrester Street Precinct |
| Feb 2024 | Anti-social behaviour | On or near Forrester Street Precinct |