£389,094
This estimated value is based upon the latest sale price for the house of £248,000 on 31 Aug 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £248,000 | 31 Aug 2007 |
| £65,000 | 11 Jul 1997 |
| £55,000 | 8 Mar 1996 |
| 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 August 2007 the House Price Index for WEST MIDLANDS was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £248,000 results in an estimated price of approximately £389,094.
| 31 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 148.6 | 56.893 % | £248,000 | £141,094 | £389,094 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 26.091 % | £64,705 | £312,705 |
| 3 Month Average | 30.767 % | £76,302 | £324,302 |
| 6 Month Average | 35.649 % | £88,410 | £336,410 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £230,000 | £230,000 | 7 PATRICIA AVENUE |
| 12 Jul 2023 | £238,206 | £235,000 | 58 PARK HALL ROAD |
| 2 Jun 2023 | £280,903 | £277,500 | 8 PARK HALL ROAD |
| 16 Jan 2023 | £246,837 | £248,000 | 24 FENMERE CLOSE |
| 9 Sep 2022 | £44,640 | £45,000 | 126 PARK HALL ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Pencombe Drive |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Pencombe Drive |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broadstone Close |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Dudding Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Dudding Road |