£106,864
This estimated value is based upon the latest sale price for the house of £90,000 on 30 Sep 2020. 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 Festival Avenue
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| Price Paid | Date |
|---|---|
| £90,000 | 30 Sep 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 September 2020 the House Price Index for WEST MIDLANDS was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £90,000 results in an estimated price of approximately £106,864.
| 30 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £90,000 | £16,864 | £106,864 |
The Postcode Pricing Model uses changes in average sales price within the WS10 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 | 73.724 % | £66,351 | £156,351 |
| 3 Month Average | 2.540 % | £2,285 | £92,285 |
| 6 Month Average | 30.267 % | £27,240 | £117,240 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £254,452 | £250,000 | 9 SANDWELL AVENUE |
| 24 Nov 2023 | £223,306 | £220,000 | 8 FESTIVAL AVENUE |
| 9 May 2022 | £168,169 | £165,000 | 47 MOXLEY ROAD |
| 9 Mar 2022 | £115,025 | £111,000 | 63 MOXLEY ROAD |
| 28 Jan 2022 | £199,958 | £190,000 | 11 HEATH ACRES |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 10 Sep 2020. Using an estimated price of £106,864 means this house is valued at £1,257 per sq meter (£116 per sq foot).
The average size of a house on VICTORY AVENUE is 97 sq meters (1,049 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Festival Avenue |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Festival Avenue |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Festival Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Festival Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Moxley Road |