£516,471
This estimated value is based upon the latest sale price for the house of £450,000 on 18 Dec 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £450,000 | 18 Dec 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 150 sq meters or 1,614 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 December 2020 the House Price Index for WEST MIDLANDS was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £450,000 results in an estimated price of approximately £516,471.
| 18 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £450,000 | £66,471 | £516,471 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | -0.901 % | £-4,055 | £445,944 |
| 3 Month Average | -6.665 % | £-29,993 | £420,006 |
| 6 Month Average | 22.326 % | £100,466 | £550,466 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £426,312 | £420,000 | 48 SOUTHAM ROAD |
| 29 Aug 2023 | £406,557 | £403,000 | 45 SOUTHAM ROAD |
| 18 Aug 2023 | £67,591 | £67,000 | FLAT 29 RIVENDELL COURT, 1051 STRATFORD ROAD |
| 9 Jun 2023 | £313,801 | £310,000 | 9 BURNASTON ROAD |
| 20 Feb 2023 | £509,657 | £510,000 | 8 SOUTHAM ROAD |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 26 Jun 2020. Using an estimated price of £516,471 means this house is valued at £3,443 per sq meter (£319 per sq foot).
The average size of a house on SOUTHAM ROAD is 157 sq meters (1,690 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Robbery | On or near Hall Green (Station) | |
| Dec 2023 | Possession of weapons | On or near Hall Green (Station) | |
| Dec 2023 | Possession of weapons | On or near Hall Green (Station) | |
| Dec 2023 | Robbery | On or near Hall Green (Station) | |
| Dec 2023 | Possession of weapons | On or near Hall Green (Station) |