£104,836
This estimated value is based upon the latest sale price for the house of £85,000 on 2 Jul 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £85,000 | 2 Jul 2019 |
| £80,000 | 20 Feb 2019 |
| 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 July 2019 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £85,000 results in an estimated price of approximately £104,836.
| 2 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £85,000 | £19,836 | £104,836 |
The Postcode Pricing Model uses changes in average sales price within the WV8 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 | 64.246 % | £54,608 | £139,608 |
| 3 Month Average | -0.079 % | £-67 | £84,932 |
| 6 Month Average | -3.182 % | £-2,704 | £82,295 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Aug 2023 | £90,794 | £90,000 | 38 WEYHILL CLOSE |
| 30 Mar 2023 | £184,740 | £183,000 | 6 TORFIELD |
| 21 Sep 2022 | £85,807 | £86,500 | 35 WEYHILL CLOSE |
| 22 Jul 2022 | £163,440 | £163,000 | 335 RYEFIELD |
| 1 Jul 2022 | £71,192 | £71,000 | 33 FALLOWFIELD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 8 Jan 2019. Using an estimated price of £104,837 means this house is valued at £1,219 per sq meter (£113 per sq foot).
The average size of a house on TORFIELD is 105 sq meters (1,135 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Torfield |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fallowfield |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Blanefield |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Blanefield |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Blanefield |