£175,962
This estimated value is based upon the latest sale price for the house of £150,000 on 30 Oct 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Bell Drive
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| Price Paid | Date |
|---|---|
| £150,000 | 30 Oct 2020 |
| £115,000 | 5 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 October 2020 the House Price Index for WEST MIDLANDS was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £150,000 results in an estimated price of approximately £175,962.
| 30 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £150,000 | £25,962 | £175,962 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | -26.529 % | £-39,793 | £110,206 |
| 3 Month Average | -1.140 % | £-1,709 | £148,290 |
| 6 Month Average | -0.777 % | £-1,165 | £148,834 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £215,000 | £215,000 | 34 LILAC AVENUE |
| 20 Dec 2023 | £264,630 | £260,000 | 67 CHERRY TREE AVENUE |
| 4 Aug 2023 | £252,206 | £250,000 | 45 CHERRY TREE AVENUE |
| 27 Feb 2023 | £264,822 | £265,000 | 80 CHERRY TREE AVENUE |
| 11 Nov 2022 | £131,408 | £133,000 | 47 CHERRY TREE AVENUE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 1 Jul 2020. Using an estimated price of £175,962 means this house is valued at £2,199 per sq meter (£204 per sq foot).
There is one other house on the street which we know the size of, this is 6 BELL DRIVE it is 95.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bell Drive |
| Feb 2024 | Anti-social behaviour | On or near Bell Drive | |
| Feb 2024 | Anti-social behaviour | On or near Bell Drive | |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Bell Drive |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Bell Drive |