£316,299
This estimated value is based upon the latest sale price for the house of £119,950 on 1 Oct 2002. 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 Essington Way
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| Price Paid | Date |
|---|---|
| £119,950 | 1 Oct 2002 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 2002 the House Price Index for WEST MIDLANDS was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £119,950 results in an estimated price of approximately £316,299.
| 1 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 148.6 | 163.693 % | £119,950 | £196,349 | £316,299 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | 32.229 % | £38,658 | £158,608 |
| 3 Month Average | 96.358 % | £115,581 | £235,531 |
| 6 Month Average | 137.874 % | £165,379 | £285,329 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £68,374 | £67,500 | 81A ESSINGTON WAY |
| 19 Sep 2023 | £126,619 | £125,000 | 6 ABINGDON CLOSE |
| 17 Feb 2023 | £154,896 | £155,000 | 310 WILLENHALL ROAD |
| 30 Nov 2022 | £184,762 | £187,000 | 1 ABINGDON ROAD |
| 15 Aug 2022 | £132,144 | £132,500 | 55 ESSINGTON WAY |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 22 Jun 2018. Using an estimated price of £316,300 means this house is valued at £2,824 per sq meter (£262 per sq foot).
The average size of a house on ESSINGTON WAY is 77 sq meters (831 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Essington Way |
| Mar 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Essington Way |
| Mar 2024 | Burglary | Under investigation | On or near Essington Way |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Essington Way |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Essington Way |