£301,417
This estimated value is based upon the latest sale price for the house of £224,450 on 31 May 2016. 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 Herbert Road
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| Price Paid | Date |
|---|---|
| £224,450 | 31 May 2016 |
| £205,000 | 23 Mar 2012 |
| £138,000 | 19 Jul 2002 |
| Terraced |
| Freehold |
| Floor Area: 113 sq meters or 1,221 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 May 2016 the House Price Index for WEST MIDLANDS was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £224,450 results in an estimated price of approximately £301,417.
| 31 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £224,450 | £76,967 | £301,417 |
The Postcode Pricing Model uses changes in average sales price within the B67 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 | 41.389 % | £92,897 | £317,347 |
| 3 Month Average | 30.122 % | £67,609 | £292,059 |
| 6 Month Average | 42.035 % | £94,348 | £318,798 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £912,278 | £900,000 | 618 - 620 BEARWOOD ROAD |
| 7 Jul 2023 | £312,709 | £308,500 | 31 HERBERT ROAD |
| 27 Mar 2023 | £161,522 | £160,000 | 578 BEARWOOD ROAD |
| 14 Mar 2023 | £333,139 | £330,000 | FLAT 576 BEARWOOD ROAD |
| 12 Aug 2022 | £109,705 | £110,000 | 624 BEARWOOD ROAD |
This house has a floor area of 113 sq meters or 1,221 sq feet when measured on 13 Jul 2011. Using an estimated price of £301,417 means this house is valued at £2,656 per sq meter (£246 per sq foot).
The average size of a house on HERBERT ROAD is 121 sq meters (1,303 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Herbert Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Herbert Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Herbert Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Herbert Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Herbert Road |