£111,807
This estimated value is based upon the latest sale price for the house of £70,000 on 24 Jan 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £70,000 | 24 Jan 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 January 2014 the House Price Index for WEST MIDLANDS was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £70,000 results in an estimated price of approximately £111,807.
| 24 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.0 | 148.6 | 59.725 % | £70,000 | £41,807 | £111,807 |
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 | 40.072 % | £28,050 | £98,050 |
| 3 Month Average | 49.852 % | £34,896 | £104,896 |
| 6 Month Average | 52.431 % | £36,701 | £106,701 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £81,425 | £80,000 | 239 BIRMINGHAM NEW ROAD |
| 1 Nov 2023 | £85,262 | £84,000 | 157 HILTON ROAD |
| 8 Aug 2023 | £131,147 | £130,000 | 64 NEWMAN AVENUE |
| 27 Jul 2023 | £203,742 | £201,000 | 6 NEWMAN AVENUE |
| 25 Apr 2023 | £222,395 | £220,000 | 84 NEWMAN AVENUE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 25 Sep 2013. Using an estimated price of £111,808 means this house is valued at £1,747 per sq meter (£162 per sq foot).
The average size of a house on NEWMAN AVENUE is 73 sq meters (786 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Florence Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Florence Avenue |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Florence Avenue |
| Dec 2023 | Drugs | Under investigation | On or near Florence Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hackford Road |