£425,319
This estimated value is based upon the latest sale price for the house of £185,000 on 18 Sep 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £185,000 | 18 Sep 2003 |
| £107,500 | 31 Mar 2000 |
| Terraced |
| 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 2003 the House Price Index for WEST MIDLANDS was 65.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 129.902%.Applying this 129.902% change to the original purchase price of £185,000 results in an estimated price of approximately £425,319.
| 18 Sep 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 65.1 | 149.7 | 129.902 % | £185,000 | £240,319 | £425,319 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | 62.801 % | £116,181 | £301,181 |
| 3 Month Average | 93.007 % | £172,062 | £357,062 |
| 6 Month Average | 99.595 % | £184,250 | £369,250 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £353,986 | £345,000 | 78 SPENCER AVENUE |
| 16 Oct 2023 | £562,782 | £550,000 | 25 SPENCER AVENUE |
| 21 Mar 2023 | £371,199 | £365,000 | 53 BROADWAY |
| 9 Mar 2023 | £76,274 | £75,000 | FLAT 6 8 SPENCER AVENUE |
| 17 Feb 2023 | £604,035 | £600,000 | 62 BROADWAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spencer Avenue |
| Jun 2024 | Anti-social behaviour | On or near Spencer Avenue | |
| Jun 2024 | Anti-social behaviour | On or near Spencer Avenue | |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Broadway |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Broadway |