£151,323
This estimated value is based upon the latest sale price for the house of £150,000 on 18 Aug 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £150,000 | 18 Aug 2023 |
| 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 August 2023 the House Price Index for WEST MIDLANDS was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £150,000 results in an estimated price of approximately £151,323.
| 18 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.3 | 148.6 | 0.883 % | £150,000 | £1,323 | £151,323 |
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 | -32.105 % | £-48,157 | £101,842 |
| 3 Month Average | -14.521 % | £-21,780 | £128,219 |
| 6 Month Average | -5.063 % | £-7,594 | £142,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £137,404 | £135,000 | 8 COURT ROAD |
| 19 Sep 2023 | £136,748 | £135,000 | UNIT 12 SPRING ROAD INDUSTRIAL ESTATE |
| 18 Aug 2023 | £151,324 | £150,000 | UNIT 7 SPRING ROAD INDUSTRIAL ESTATE |
| 25 Apr 2023 | £283,048 | £280,000 | 3 DUNSFOLD CLOSE |
| 3 Apr 2023 | £202,177 | £200,000 | 10 COURT ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Lanesfield Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Court Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Spring Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spring Road |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Willingworth Close |