£273,626
This estimated value is based upon the latest sale price for the house of £260,000 on 14 Jan 2022. 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 Ridgacre Road
More crime details
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| Price Paid | Date |
|---|---|
| £260,000 | 14 Jan 2022 |
| Semi-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 January 2022 the House Price Index for WEST MIDLANDS was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £260,000 results in an estimated price of approximately £273,626.
| 14 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £260,000 | £13,626 | £273,626 |
The Postcode Pricing Model uses changes in average sales price within the B32 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 | 34.268 % | £89,097 | £349,097 |
| 3 Month Average | -2.258 % | £-5,870 | £254,129 |
| 6 Month Average | 7.954 % | £20,681 | £280,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £232,503 | £230,000 | 5 RIDGACRE LANE |
| 24 Feb 2023 | £239,839 | £240,000 | 16 GREEN LANE |
| 29 Jul 2022 | £250,675 | £250,000 | 238 RIDGACRE ROAD |
| 24 Jan 2022 | £334,140 | £317,500 | 23 GRAYSWOOD PARK ROAD |
| 21 Jan 2022 | £231,530 | £220,000 | 20 RIDGACRE LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Ridgacre Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Ridgacre Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Grayswood Park Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grayswood Park Road |
| Dec 2023 | Robbery | Unable to prosecute suspect | On or near Grayswood Park Road |