£352,432
This estimated value is based upon the latest sale price for the house of £320,000 on 17 Aug 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £320,000 | 17 Aug 2021 |
| £292,000 | 24 Aug 2018 |
| £265,000 | 17 Oct 2013 |
| Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 August 2021 the House Price Index for WEST MIDLANDS was 133.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 10.135%.Applying this 10.135% change to the original purchase price of £320,000 results in an estimated price of approximately £352,432.
| 17 Aug 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 146.7 | 10.135 % | £320,000 | £32,432 | £352,432 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | 36.733 % | £117,546 | £437,546 |
| 3 Month Average | 20.213 % | £64,680 | £384,680 |
| 6 Month Average | 19.685 % | £62,990 | £382,990 |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 15 Oct 2013.
The average size of a house on MARGARET DRIVE is 117 sq meters (1,259 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Margaret Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Heathlands |
| Mar 2024 | Burglary | Under investigation | On or near Red Hill Close |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Red Hill Close |
| Jan 2024 | Burglary | Under investigation | On or near Arlington Court |