£248,121
This estimated value is based upon the latest sale price for the house of £170,000 on 27 May 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £170,000 | 27 May 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 125 sq meters or 1,345 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 May 2015 the House Price Index for WEST MIDLANDS was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £170,000 results in an estimated price of approximately £248,121.
| 27 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 148.6 | 45.954 % | £170,000 | £78,121 | £248,121 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 127.280 % | £216,376 | £386,376 |
| 3 Month Average | 41.932 % | £71,284 | £241,284 |
| 6 Month Average | 44.921 % | £76,365 | £246,365 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £82,442 | £81,000 | FLAT 15 PENDENE COURT, 253 PENN ROAD |
| 28 Sep 2023 | £878,736 | £867,500 | 1 GREAT HALL GROVE |
| 19 Apr 2023 | £96,034 | £95,000 | FLAT 7 PENDENE COURT, 253 PENN ROAD |
| 31 Mar 2023 | £93,380 | £92,500 | FLAT 24 PENDENE COURT, 253 PENN ROAD |
| 31 Mar 2023 | £85,808 | £85,000 | FLAT 37 PENDENE COURT, 253 PENN ROAD |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 14 Jan 2014. Using an estimated price of £248,122 means this house is valued at £1,984 per sq meter (£184 per sq foot).
The average size of a house on MUCHALL ROAD is 125 sq meters (1,351 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Ashwood Grove |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hospital |
| Dec 2023 | Robbery | Unable to prosecute suspect | On or near Hospital |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Bromley Place |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bromley Place |