This estimated value is based upon the latest sale price for the house of £145,000 on 23 May 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Two Locks
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|£145,000||23 May 2017|
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 2017 the House Price Index for WEST MIDLANDS was 115.5.The House Price Index as of 1 May 2022 is 148.5 which is a change of 28.583%.
Applying this 28.583% change to the original purchase price of £145,000 results in an estimated price of approximately £186,445.
|23 May 2017||1 May 2022||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the DY5 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||41.601 %||£60,321||£205,321|
|3 Month Average||40.842 %||£59,220||£204,220|
|6 Month Average||33.252 %||£48,215||£193,215|
|Date||Current Estimated Value||Price Paid||Address|
|7 Feb 2022||£179,208||£175,000||UNIT 12 PEDMORE ROAD INDUSTRIAL ESTATE|
|21 Jan 2022||£119,084||£115,000||18 COLUMBUS AVENUE|
|17 Dec 2021||£97,267||£93,000||16 COLUMBUS AVENUE|
|14 Dec 2021||£3,636,079||£3,476,575||UNIT 7 STERLING PARK|
|29 Oct 2021||£121,254||£113,000||8 COLUMBUS AVENUE|
|May 2022||Burglary||Investigation complete; no suspect identified||On or near Two Locks|
|Mar 2022||Other theft||Investigation complete; no suspect identified||On or near Two Locks|
|Mar 2022||Violence and sexual offences||Unable to prosecute suspect||On or near Pedmore Road|
|May 2022||Other theft||Under investigation||On or near Petrol Station|
|May 2022||Vehicle crime||Investigation complete; no suspect identified||On or near Petrol Station|
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