£315,360
This estimated value is based upon the latest sale price for the house of £182,500 on 15 Jul 2011. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £182,500 | 15 Jul 2011 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2011 the House Price Index for WEST MIDLANDS was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £182,500 results in an estimated price of approximately £315,360.
| 15 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £182,500 | £132,860 | £315,360 |
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 | -12.839 % | £-23,431 | £159,068 |
| 3 Month Average | 49.134 % | £89,669 | £272,169 |
| 6 Month Average | 71.895 % | £131,207 | £313,707 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Oct 2022 | £331,431 | £335,000 | 4 STREETSBROOK ROAD |
| 23 Sep 2022 | £228,158 | £230,000 | 43 WELLFIELD ROAD |
| 12 Aug 2022 | £322,133 | £323,000 | 180 REDSTONE FARM ROAD |
| 1 Nov 2021 | £346,084 | £320,000 | 178 REDSTONE FARM ROAD |
| 27 Oct 2021 | £276,620 | £250,000 | 155 REDSTONE FARM ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 20 Jul 2020. Using an estimated price of £315,361 means this house is valued at £3,583 per sq meter (£332 per sq foot).
The average size of a house on REDSTONE FARM ROAD is 100 sq meters (1,084 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wellfield Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wellfield Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wellfield Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wellfield Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wellfield Road |