£146,996
This estimated value is based upon the latest sale price for the house of £119,000 on 28 Feb 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £119,000 | 28 Feb 2019 |
| £100,000 | 15 Dec 2005 |
| £80,000 | 19 Dec 2003 |
| £59,950 | 11 Jun 1999 |
| Flats/Maisonettes |
| Leasehold |
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 February 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £119,000 results in an estimated price of approximately £146,996.
| 28 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £119,000 | £27,996 | £146,996 |
The Postcode Pricing Model uses changes in average sales price within the WS9 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 | -8.844 % | £-10,524 | £108,475 |
| 3 Month Average | 8.503 % | £10,118 | £129,118 |
| 6 Month Average | 8.284 % | £9,857 | £128,857 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £100,488 | £99,000 | FLAT 52 HOMEBELL HOUSE, 2 NORTHGATE |
| 1 Sep 2023 | £78,504 | £77,500 | FLAT 16A HOMEBELL HOUSE, 2 NORTHGATE |
| 10 Aug 2023 | £91,803 | £91,000 | FLAT 4 LEIGHSWOOD COURT LEIGHSWOOD ROAD |
| 31 Jul 2023 | £81,091 | £80,000 | FLAT 4 HOMEBELL HOUSE, 2 NORTHGATE |
| 19 Jul 2023 | £70,955 | £70,000 | FLAT 59 HOMEBELL HOUSE, 2 NORTHGATE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mead Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sheraton Close |