£118,048
This estimated value is based upon the latest sale price for the house of £118,600 on 25 Nov 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £118,600 | 25 Nov 2022 |
| £1,400,000 | 25 Nov 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 November 2022 the House Price Index for WEST MIDLANDS was 150.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.465%.Applying this -0.465% change to the original purchase price of £118,600 results in an estimated price of approximately £118,048.
| 25 Nov 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 149.7 | -0.465 % | £118,600 | £-551 | £118,048 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | -22.262 % | £-26,402 | £92,197 |
| 3 Month Average | -12.914 % | £-15,315 | £103,284 |
| 6 Month Average | 10.390 % | £12,322 | £130,922 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £300,418 | £295,000 | 17 SOMERFORD PLACE |
| 23 Mar 2023 | £183,057 | £180,000 | 30 SOMERFORD PLACE |
| 26 Jan 2023 | £300,804 | £300,000 | 14 SOMERFORD PLACE |
| 25 Nov 2022 | £1,047,104 | £1,052,000 | EAGLE WORKS SOMERFORD PLACE |
| 25 Nov 2022 | £118,048 | £118,600 | SHAKESPEARE INN SOMERFORD PLACE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Pinson Gardens |
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Pinson Gardens |
| May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Summer Street |
| Jun 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Somerford Place |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Somerford Place |