£282,126
This estimated value is based upon the latest sale price for the house of £56,000 on 19 Aug 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £56,000 | 19 Aug 1997 |
| Terraced |
| Freehold |
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 1997 the House Price Index for WEST MIDLANDS was 29.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 403.797%.Applying this 403.797% change to the original purchase price of £56,000 results in an estimated price of approximately £282,126.
| 19 Aug 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.5 | 148.6 | 403.797 % | £56,000 | £226,126 | £282,126 |
The Postcode Pricing Model uses changes in average sales price within the B10 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 | 208.166 % | £116,573 | £172,573 |
| 3 Month Average | 270.129 % | £151,272 | £207,272 |
| 6 Month Average | 335.378 % | £187,811 | £243,811 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jun 2023 | £156,901 | £155,000 | 17 LANGLEY GROVE |
| 31 Mar 2023 | £151,427 | £150,000 | 10 LANGLEY GROVE |
| 2 Nov 2022 | £889,229 | £900,000 | 493 COVENTRY ROAD |
| 26 Aug 2022 | £209,436 | £210,000 | APARTMENT 29 2 LANGLEY WALK |
| 8 Jul 2022 | £157,424 | £157,000 | 56 HENSHAW ROAD |