£65,948
This estimated value is based upon the latest sale price for the house of £55,000 on 7 Aug 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £55,000 | 7 Aug 2020 |
| £57,500 | 7 Aug 2003 |
| £39,500 | 25 Sep 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 32 sq meters or 344 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 2020 the House Price Index for WEST MIDLANDS was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £55,000 results in an estimated price of approximately £65,948.
| 7 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £55,000 | £10,948 | £65,948 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | -7.281 % | £-4,004 | £50,995 |
| 3 Month Average | 9.207 % | £5,063 | £60,063 |
| 6 Month Average | 16.793 % | £9,236 | £64,236 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £174,045 | £171,000 | 56 NEWBRIDGE STREET |
| 26 Jul 2023 | £121,637 | £120,000 | 95 NEWBRIDGE STREET |
| 15 Jun 2023 | £137,668 | £136,000 | 10 LLOYD STREET |
| 31 Mar 2023 | £129,722 | £128,500 | 118A NEWHAMPTON ROAD WEST |
| 24 Mar 2023 | £136,284 | £135,000 | 111 COURT ROAD |
This house has a floor area of 32 sq meters or 344 sq feet when measured on 15 Jul 2020. Using an estimated price of £65,949 means this house is valued at £2,060 per sq meter (£191 per sq foot).
The average size of a house on NEWHAMPTON ROAD WEST is 95 sq meters (1,022 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newbridge Street |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Newbridge Street |
| Dec 2023 | Robbery | Under investigation | On or near Newbridge Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lloyd Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lloyd Street |