£522,990
This estimated value is based upon the latest sale price for the house of £425,000 on 22 Aug 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £425,000 | 22 Aug 2019 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 August 2019 the House Price Index for WEST MIDLANDS was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £425,000 results in an estimated price of approximately £522,990.
| 22 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £425,000 | £97,990 | £522,990 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | -15.439 % | £-65,617 | £359,382 |
| 3 Month Average | 20.753 % | £88,199 | £513,199 |
| 6 Month Average | 19.071 % | £81,049 | £506,049 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 May 2022 | £652,291 | £640,000 | 6 BRAEMAR ROAD |
| 29 Nov 2021 | £551,572 | £510,000 | 35 STONEHOUSE ROAD |
| 27 Aug 2021 | £635,901 | £570,000 | 6 MATFEN AVENUE |
| 28 Jun 2021 | £509,639 | £475,000 | 31 MORVEN ROAD |
| 25 Jun 2021 | £536,462 | £500,000 | 14 MORVEN ROAD |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 17 Jan 2019. Using an estimated price of £522,990 means this house is valued at £4,286 per sq meter (£398 per sq foot).
The average size of a house on STONEHOUSE ROAD is 143 sq meters (1,540 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Stonehouse Road | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Stonehouse Road |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Stonehouse Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stonehouse Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Stonehouse Road |