£215,469
This estimated value is based upon the latest sale price for the house of £170,000 on 8 Sep 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Somerset Road
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| Price Paid | Date |
|---|---|
| £170,000 | 8 Sep 2017 |
| £114,950 | 1 Oct 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 September 2017 the House Price Index for WEST MIDLANDS was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £170,000 results in an estimated price of approximately £215,469.
| 8 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £170,000 | £45,469 | £215,469 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -5.323 % | £-9,049 | £160,950 |
| 3 Month Average | 16.981 % | £28,867 | £198,867 |
| 6 Month Average | 44.228 % | £75,186 | £245,186 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £219,852 | £220,000 | 8 VOWLES ROAD |
| 27 Jan 2023 | £238,875 | £240,000 | 1 SOMERSET ROAD |
| 20 Apr 2022 | £123,576 | £120,000 | 22 WESTLEY COURT |
| 22 Dec 2021 | £101,781 | £95,000 | 15 WESTLEY COURT |
| 1 Sep 2021 | £91,595 | £85,000 | 34 WESTLEY COURT |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 10 Jul 2017. Using an estimated price of £215,469 means this house is valued at £2,133 per sq meter (£198 per sq foot).
The average size of a house on SOMERSET ROAD is 121 sq meters (1,306 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Under investigation | On or near Somerset Road |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Somerset Road |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Somerset Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Somerset Road |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Somerset Road |