£305,973
This estimated value is based upon the latest sale price for the house of £240,000 on 11 Jul 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 11 Jul 2017 |
| £225,000 | 26 Oct 2012 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2017 the House Price Index for WEST MIDLANDS was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £240,000 results in an estimated price of approximately £305,973.
| 11 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £240,000 | £65,973 | £305,973 |
The Postcode Pricing Model uses changes in average sales price within the CV4 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 | -3.887 % | £-9,327 | £230,672 |
| 3 Month Average | -2.770 % | £-6,647 | £233,352 |
| 6 Month Average | 12.297 % | £29,511 | £269,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £342,572 | £337,500 | 10 KNIGHTS TEMPLAR WAY |
| 3 Apr 2023 | £376,554 | £372,500 | 15 LOMSEY CLOSE |
| 10 Mar 2023 | £363,424 | £360,000 | 5 KNIGHTS TEMPLAR WAY |
| 17 Feb 2023 | £185,875 | £186,000 | 25 MOLAY CLOSE |
| 6 Jun 2022 | £258,655 | £255,000 | 20 TREMELAY DRIVE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 9 Oct 2012. Using an estimated price of £305,973 means this house is valued at £3,362 per sq meter (£312 per sq foot).
The average size of a house on MOLAY CLOSE is 86 sq meters (928 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Molay Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Molay Close |
| Feb 2024 | Public order | Under investigation | On or near Gilbert Horal Close |
| Feb 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Gilbert Horal Close |
| Feb 2024 | Anti-social behaviour | On or near Gilbert Horal Close |