£237,443
This estimated value is based upon the latest sale price for the house of £240,000 on 10 Oct 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 10 Oct 2022 |
| Freehold |
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 2022 the House Price Index for WEST MIDLANDS was 150.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.065%.Applying this -1.065% change to the original purchase price of £240,000 results in an estimated price of approximately £237,443.
| 10 Oct 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.2 | 148.6 | -1.065 % | £240,000 | £-2,556 | £237,443 |
The Postcode Pricing Model uses changes in average sales price within the B64 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 | -36.582 % | £-87,796 | £152,203 |
| 3 Month Average | -24.586 % | £-59,005 | £180,994 |
| 6 Month Average | -15.675 % | £-37,619 | £202,380 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Mar 2023 | £237,235 | £235,000 | 5 SURFEIT HILL ROAD |
| 6 Mar 2023 | £161,522 | £160,000 | UNIT 3 HILLCREST INDUSTRIAL ESTATE CORNGREAVES ROAD |
| 13 Feb 2023 | £162,890 | £163,000 | 28 SURFEIT HILL ROAD |
| 4 Nov 2022 | £182,786 | £185,000 | 34 GRAINGERS LANE |
| 10 Oct 2022 | £237,443 | £240,000 | UNIT 9 HILLCREST INDUSTRIAL ESTATE CORNGREAVES ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Shopping Area |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Shopping Area |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shopping Area |
| Jan 2024 | Anti-social behaviour | On or near Shopping Area | |
| Jan 2024 | Anti-social behaviour | On or near Shopping Area |