£156,596
This estimated value is based upon the latest sale price for the house of £128,000 on 16 Jul 2018. 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 Palace Road
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| Price Paid | Date |
|---|---|
| £128,000 | 16 Jul 2018 |
| £70,000 | 25 Apr 2003 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 July 2018 the House Price Index for WEST MIDLANDS was 119.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.341%.Applying this 22.341% change to the original purchase price of £128,000 results in an estimated price of approximately £156,596.
| 16 Jul 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 146.7 | 22.341 % | £128,000 | £28,596 | £156,596 |
The Postcode Pricing Model uses changes in average sales price within the B9 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 | 56.399 % | £72,190 | £200,190 |
| 3 Month Average | 36.454 % | £46,661 | £174,661 |
| 6 Month Average | 63.258 % | £80,970 | £208,970 |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 26 Sep 2017.
The average size of a house on PALACE ROAD is 93 sq meters (1,004 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Palace Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Palace Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Palace Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Palace Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Palace Road |