£284,080
This estimated value is based upon the latest sale price for the house of £54,995 on 8 May 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £54,995 | 8 May 1997 |
| £54,000 | 13 Jan 1995 |
| Semi-Detached |
| Leasehold |
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 May 1997 the House Price Index for WEST MIDLANDS was 28.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 416.558%.Applying this 416.558% change to the original purchase price of £54,995 results in an estimated price of approximately £284,080.
| 8 May 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 148.6 | 416.558 % | £54,995 | £229,085 | £284,080 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 123.081 % | £67,688 | £122,683 |
| 3 Month Average | 131.583 % | £72,364 | £127,359 |
| 6 Month Average | 183.900 % | £101,135 | £156,130 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £228,381 | £225,000 | 48 OXFORD WAY |
| 22 Sep 2023 | £237,031 | £234,000 | 2 OXFORD WAY |
| 30 Aug 2023 | £171,500 | £170,000 | 6 HENLOW CLOSE |
| 11 Nov 2022 | £167,965 | £170,000 | 49 OXFORD WAY |
| 18 Jul 2022 | £160,432 | £160,000 | 7 THETFORD CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rainham Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Rainham Close |
| Dec 2023 | Anti-social behaviour | On or near Henlow Close | |
| Dec 2023 | Anti-social behaviour | On or near Henlow Close | |
| Dec 2023 | Anti-social behaviour | On or near Henlow Close |