£491,031
This estimated value is based upon the latest sale price for the house of £400,000 on 24 Apr 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £400,000 | 24 Apr 2020 |
| £280,000 | 2 Feb 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 April 2020 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £400,000 results in an estimated price of approximately £491,031.
| 24 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £400,000 | £91,031 | £491,031 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | -39.041 % | £-156,162 | £243,837 |
| 3 Month Average | 22.418 % | £89,673 | £489,673 |
| 6 Month Average | 11.255 % | £45,021 | £445,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £454,732 | £448,000 | 65 WELFORD ROAD |
| 10 Nov 2023 | £482,138 | £475,000 | 25 WELFORD ROAD |
| 4 Aug 2022 | £401,419 | £402,500 | 15 WELFORD ROAD |
| 20 Apr 2022 | £474,737 | £461,000 | 65 MAXSTOKE ROAD |
| 25 Mar 2022 | £450,774 | £435,000 | 40 MAXSTOKE ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 13 Nov 2017. Using an estimated price of £491,032 means this house is valued at £5,916 per sq meter (£549 per sq foot).
The average size of a house on MAXSTOKE ROAD is 111 sq meters (1,195 sq feet).
This house is the smallest in the street with a floor area of 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Investigation complete; no suspect identified | On or near Maxstoke Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Welford Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Oakwood Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Oakwood Road |
| Mar 2024 | Other theft | Under investigation | On or near Haselor Road |