£72,543
This estimated value is based upon the latest sale price for the house of £21,000 on 28 Mar 2001. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £21,000 | 28 Mar 2001 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 March 2001 the House Price Index for WEST MIDLANDS was 42.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 245.446%.Applying this 245.446% change to the original purchase price of £21,000 results in an estimated price of approximately £72,543.
| 28 Mar 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.5 | 146.7 | 245.446 % | £21,000 | £51,543 | £72,543 |
The Postcode Pricing Model uses changes in average sales price within the WV2 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 | 506.502 % | £106,365 | £127,365 |
| 3 Month Average | 364.048 % | £76,450 | £97,450 |
| 6 Month Average | 398.150 % | £83,611 | £104,611 |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 21 Dec 2014.
The average size of a house on RANELAGH ROAD is 93 sq meters (1,010 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ranelagh Road |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Ranelagh Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Ranelagh Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Knox Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Knox Road |