£438,993
This estimated value is based upon the latest sale price for the house of £362,500 on 26 Jun 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £362,500 | 26 Jun 2020 |
| £75,500 | 1 Nov 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 2020 the House Price Index for WEST MIDLANDS was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £362,500 results in an estimated price of approximately £438,993.
| 26 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £362,500 | £76,493 | £438,993 |
The Postcode Pricing Model uses changes in average sales price within the B76 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 | -20.196 % | £-73,208 | £289,291 |
| 3 Month Average | 18.238 % | £66,112 | £428,612 |
| 6 Month Average | 7.444 % | £26,984 | £389,484 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £385,710 | £380,000 | 49 SPRINGFIELD CRESCENT |
| 29 Sep 2023 | £308,950 | £305,000 | 131 SPRINGFIELD ROAD |
| 8 Sep 2023 | £278,562 | £275,000 | 21 SPRINGFIELD CRESCENT |
| 15 Aug 2023 | £343,001 | £340,000 | 11 HILARY DRIVE |
| 4 Aug 2023 | £290,542 | £288,000 | 6 LABURNUM DRIVE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 2 May 2019. Using an estimated price of £438,993 means this house is valued at £4,720 per sq meter (£438 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 101 sq meters (1,089 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Hilary Drive |
| Feb 2024 | Anti-social behaviour | On or near Hilary Drive | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hilary Drive |
| Feb 2024 | Anti-social behaviour | On or near Hilary Drive | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springfield Crescent |