£298,808
This estimated value is based upon the latest sale price for the house of £260,000 on 9 Jul 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £260,000 | 9 Jul 2021 |
| £152,500 | 22 Aug 2018 |
| Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2021 the House Price Index for WEST MIDLANDS was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £260,000 results in an estimated price of approximately £298,808.
| 9 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.6 | 14.927 % | £260,000 | £38,808 | £298,808 |
The Postcode Pricing Model uses changes in average sales price within the B65 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 | -3.955 % | £-10,283 | £249,716 |
| 3 Month Average | -8.135 % | £-21,150 | £238,849 |
| 6 Month Average | -0.203 % | £-527 | £259,472 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £254,452 | £250,000 | 40 MAJESTIC WAY |
| 11 Aug 2023 | £247,162 | £245,000 | 4 ROMAN WAY |
| 28 Jul 2023 | £133,294 | £131,500 | 8 ROMAN WAY |
| 28 Jul 2023 | £264,054 | £260,500 | 12 ROWLEY HALL AVENUE |
| 8 Jun 2023 | £253,065 | £250,000 | 17 ROWLEY HALL AVENUE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 13 Jul 2017. Using an estimated price of £298,809 means this house is valued at £4,268 per sq meter (£396 per sq foot).
The average size of a house on ROMAN WAY is 99 sq meters (1,071 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Rowley Hall Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Maer Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Maer Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Maer Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newhall Road |