£131,253
This estimated value is based upon the latest sale price for the house of £88,000 on 16 Dec 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £88,000 | 16 Dec 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 December 2014 the House Price Index for WEST MIDLANDS was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £88,000 results in an estimated price of approximately £131,253.
| 16 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £88,000 | £43,253 | £131,253 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 61.300 % | £53,944 | £141,944 |
| 3 Month Average | 18.473 % | £16,255 | £104,255 |
| 6 Month Average | 34.433 % | £30,301 | £118,301 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £201,765 | £200,000 | 21 BIRMINGHAM NEW ROAD |
| 28 Apr 2023 | £210,264 | £208,000 | 78 MADIN ROAD |
| 6 Apr 2023 | £151,633 | £150,000 | 385 BIRMINGHAM NEW ROAD |
| 16 Jan 2023 | £144,320 | £145,000 | 309 BIRMINGHAM NEW ROAD |
| 17 Jan 2022 | £112,608 | £107,000 | 405 BIRMINGHAM NEW ROAD |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 11 Jul 2014. Using an estimated price of £131,253 means this house is valued at £1,620 per sq meter (£150 per sq foot).
The average size of a house on BIRMINGHAM NEW ROAD is 99 sq meters (1,074 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Madin Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Madin Road |
| Mar 2024 | Other theft | Under investigation | On or near The Crescent |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near The Crescent |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near The Crescent |