£234,279
This estimated value is based upon the latest sale price for the house of £210,000 on 6 Aug 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £210,000 | 6 Aug 2021 |
| £22,000 | 18 Sep 1997 |
| 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 August 2021 the House Price Index for WEST MIDLANDS was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £210,000 results in an estimated price of approximately £234,279.
| 6 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £210,000 | £24,279 | £234,279 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 44.719 % | £93,909 | £303,909 |
| 3 Month Average | 16.139 % | £33,892 | £243,892 |
| 6 Month Average | 15.653 % | £32,872 | £242,872 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £161,412 | £160,000 | 7 BATE STREET |
| 21 Jul 2023 | £103,392 | £102,000 | 39 BRYNMAWR ROAD |
| 9 Mar 2023 | £136,789 | £135,500 | 8 LANE ROAD |
| 22 Apr 2022 | £211,109 | £205,000 | 21 WOOD STREET |
| 12 Nov 2021 | £183,857 | £170,000 | 12 LANE ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 18 Jun 2020. Using an estimated price of £234,279 means this house is valued at £2,519 per sq meter (£234 per sq foot).
The average size of a house on BIRMINGHAM NEW ROAD is 97 sq meters (1,044 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lane Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lane Road |
| Dec 2023 | Robbery | Unable to prosecute suspect | On or near Lane Road |
| Mar 2024 | Robbery | Under investigation | On or near Rookery Avenue |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Rookery Avenue |