£167,365
This estimated value is based upon the latest sale price for the house of £165,000 on 9 Jun 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £165,000 | 9 Jun 2022 |
| £130,000 | 25 May 2017 |
| £122,000 | 23 May 2006 |
| Semi-Detached |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 June 2022 the House Price Index for WEST MIDLANDS was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £165,000 results in an estimated price of approximately £167,365.
| 9 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.6 | 1.433 % | £165,000 | £2,365 | £167,365 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | -9.434 % | £-15,566 | £149,433 |
| 3 Month Average | -4.426 % | £-7,302 | £157,697 |
| 6 Month Average | 3.411 % | £5,627 | £170,627 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £172,202 | £170,000 | 2 TEACHERS CLOSE |
| 25 Jul 2023 | £172,319 | £170,000 | 5 TEACHERS CLOSE |
| 7 Jul 2023 | £167,251 | £165,000 | 15 BANKS ROAD |
| 10 Feb 2023 | £249,832 | £250,000 | 39 LOUDON AVENUE |
| 6 Jan 2023 | £194,086 | £195,000 | 14 BANKS ROAD |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 22 Sep 2014. Using an estimated price of £167,365 means this house is valued at £3,560 per sq meter (£330 per sq foot).
The average size of a house on BANKS ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Teachers Close |
| Feb 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Steeplefield Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Banks Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Banks Road |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Banks Road |