£234,917
This estimated value is based upon the latest sale price for the house of £51,000 on 14 Aug 1998. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £51,000 | 14 Aug 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 1998 the House Price Index for WEST MIDLANDS was 31.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 360.622%.Applying this 360.622% change to the original purchase price of £51,000 results in an estimated price of approximately £234,917.
| 14 Aug 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 146.7 | 360.622 % | £51,000 | £183,917 | £234,917 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 262.676 % | £133,964 | £184,964 |
| 3 Month Average | 285.300 % | £145,503 | £196,503 |
| 6 Month Average | 289.573 % | £147,682 | £198,682 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 29 Apr 2010.
The average size of a house on PENNHOUSE AVENUE is 118 sq meters (1,271 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wells Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wells Road |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Leighton Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Leighton Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Osborne Road |