£59,838
This estimated value is based upon the latest sale price for the house of £60,000 on 12 Aug 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £60,000 | 12 Aug 2022 |
| £69,000 | 15 Jun 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 473 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 2022 the House Price Index for WEST MIDLANDS was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £60,000 results in an estimated price of approximately £59,838.
| 12 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £60,000 | £-161 | £59,838 |
The Postcode Pricing Model uses changes in average sales price within the WS4 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 | 38.089 % | £22,853 | £82,853 |
| 3 Month Average | -34.703 % | £-20,822 | £39,177 |
| 6 Month Average | -15.881 % | £-9,528 | £50,471 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £81,202 | £80,000 | FLAT 6 WILLOW HOUSE SPRINGHILL CLOSE |
| 1 Nov 2023 | £69,022 | £68,000 | FLAT 7 MAPLE HOUSE SPRINGHILL CLOSE |
| 25 Aug 2023 | £75,662 | £75,000 | FLAT 4 MAPLE HOUSE SPRINGHILL CLOSE |
| 13 Jul 2023 | £309,161 | £305,000 | 4 MEADOWLANDS DRIVE |
| 13 Jul 2023 | £317,270 | £313,000 | 11 STREAM MEADOW |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 31 Dec 2018. Using an estimated price of £59,839 means this house is valued at £1,359 per sq meter (£126 per sq foot).
The average size of a house on SPRINGHILL CLOSE is 50 sq meters (547 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Watermeadow Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Little Orchard Close |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Little Orchard Close |
| Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near Supermarket |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Supermarket |