£401,402
This estimated value is based upon the latest sale price for the house of £280,000 on 12 Jun 2015. 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 Birmingham Road
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| Price Paid | Date |
|---|---|
| £280,000 | 12 Jun 2015 |
| Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 June 2015 the House Price Index for WEST MIDLANDS was 102.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 43.358%.Applying this 43.358% change to the original purchase price of £280,000 results in an estimated price of approximately £401,402.
| 12 Jun 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 146.7 | 43.358 % | £280,000 | £121,402 | £401,402 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | -14.696 % | £-41,149 | £238,850 |
| 3 Month Average | 35.820 % | £100,297 | £380,297 |
| 6 Month Average | 44.844 % | £125,562 | £405,562 |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 17 Dec 2015.
The average size of a house on PARK ROAD is 201 sq meters (2,169 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Birmingham Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Birmingham Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Birmingham Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Birmingham Road |
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Birmingham Road |