£73,579
This estimated value is based upon the latest sale price for the house of £60,000 on 4 Oct 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £60,000 | 4 Oct 2019 |
| £29,500 | 24 Jul 2013 |
| £15,000 | 1 Dec 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 October 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £60,000 results in an estimated price of approximately £73,579.
| 4 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £60,000 | £13,579 | £73,579 |
The Postcode Pricing Model uses changes in average sales price within the B32 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 | 11.801 % | £7,080 | £67,080 |
| 3 Month Average | 11.075 % | £6,644 | £66,644 |
| 6 Month Average | 12.124 % | £7,274 | £67,274 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £178,279 | £176,000 | 38 TIBBATS CLOSE |
| 18 Jul 2023 | £212,865 | £210,000 | 155 CLAPGATE LANE |
| 14 Mar 2023 | £161,522 | £160,000 | 56 PLOUGH AVENUE |
| 17 Jun 2022 | £178,523 | £176,000 | 17 PLOUGH AVENUE |
| 6 May 2022 | £163,073 | £160,000 | 68 PLOUGH AVENUE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 3 Apr 2019. Using an estimated price of £73,579 means this house is valued at £1,268 per sq meter (£117 per sq foot).
The average size of a house on SOMMERFIELD ROAD is 97 sq meters (1,052 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Plough Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Plough Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Plough Avenue |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Plough Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Plough Avenue |