£460,185
This estimated value is based upon the latest sale price for the house of £380,000 on 8 Jun 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £380,000 | 8 Jun 2020 |
| £279,950 | 15 May 2014 |
| £117,000 | 16 Aug 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 147 sq meters or 1,582 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 2020 the House Price Index for WEST MIDLANDS was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £380,000 results in an estimated price of approximately £460,185.
| 8 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £380,000 | £80,185 | £460,185 |
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 | -38.077 % | £-144,691 | £235,308 |
| 3 Month Average | 8.615 % | £32,737 | £412,737 |
| 6 Month Average | 14.053 % | £53,400 | £433,400 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £347,173 | £342,500 | 22 GREEN LANES |
| 20 Jan 2023 | £233,898 | £235,000 | 21 FLORENCE AVENUE |
| 20 Jan 2023 | £355,824 | £357,500 | 48 FLORENCE ROAD |
| 1 Jul 2022 | £160,432 | £160,000 | 2 FLORENCE DRIVE |
| 1 Jul 2022 | £270,979 | £270,250 | 5 LIME GROVE |
This house has a floor area of 147 sq meters or 1,582 sq feet when measured on 24 Jul 2014. Using an estimated price of £460,186 means this house is valued at £3,130 per sq meter (£290 per sq foot).
The average size of a house on FLORENCE ROAD is 125 sq meters (1,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Florence Avenue |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Florence Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Broadfields Road |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Birmingham Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Birmingham Road |