£232,282
This estimated value is based upon the latest sale price for the house of £185,000 on 10 Nov 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £185,000 | 10 Nov 2017 |
| £162,000 | 8 Aug 2013 |
| 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 2017 the House Price Index for WEST MIDLANDS was 117.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.558%.Applying this 25.558% change to the original purchase price of £185,000 results in an estimated price of approximately £232,282.
| 10 Nov 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.0 | 25.558 % | £185,000 | £47,282 | £232,282 |
The Postcode Pricing Model uses changes in average sales price within the B44 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 | 37.596 % | £69,553 | £254,553 |
| 3 Month Average | 31.139 % | £57,607 | £242,607 |
| 6 Month Average | 31.388 % | £58,068 | £243,068 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2022 | £137,766 | £140,000 | 11 TANSLEY ROAD |
| 29 Sep 2022 | £103,738 | £105,000 | 4 WESTWARD CLOSE |
| 6 May 2022 | £260,117 | £256,250 | 152 WARREN HILL ROAD |
| 8 Apr 2022 | £223,590 | £218,000 | 199 HAWTHORN ROAD |
| 17 Jan 2022 | £209,632 | £200,000 | 23 STOWELL ROAD |