£159,390
This estimated value is based upon the latest sale price for the house of £127,000 on 15 Jan 2018. 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 Churchfields Way
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| Price Paid | Date |
|---|---|
| £127,000 | 15 Jan 2018 |
| £122,000 | 11 Oct 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 593 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 January 2018 the House Price Index for WEST MIDLANDS was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £127,000 results in an estimated price of approximately £159,390.
| 15 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £127,000 | £32,390 | £159,390 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -8.464 % | £-10,749 | £116,250 |
| 3 Month Average | 13.518 % | £17,167 | £144,167 |
| 6 Month Average | 34.775 % | £44,163 | £171,163 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £386,767 | £380,000 | 1 VALE STREET |
| 25 Aug 2023 | £272,383 | £270,000 | 6 ARBOR COURT |
| 10 Aug 2023 | £141,236 | £140,000 | 42 HOBART POINT CHURCHFIELDS WAY |
| 29 Jun 2023 | £248,004 | £245,000 | 32 VALE STREET |
| 4 Nov 2022 | £98,803 | £100,000 | 38 CHURCH VALE |
This house has a floor area of 55 sq meters or 593 sq feet when measured on 30 Nov 2011. Using an estimated price of £159,390 means this house is valued at £2,891 per sq meter (£268 per sq foot).
The average size of a house on CHURCHFIELDS WAY is 61 sq meters (661 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Churchfields Way |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Churchfields Way |
| Dec 2023 | Possession of weapons | Investigation complete; no suspect identified | On or near Overton Place |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mellish Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Vale Street |