£143,658
This estimated value is based upon the latest sale price for the house of £125,000 on 5 Jul 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £125,000 | 5 Jul 2021 |
| £129,995 | 7 Apr 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 July 2021 the House Price Index for WEST MIDLANDS was 129.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.927%.Applying this 14.927% change to the original purchase price of £125,000 results in an estimated price of approximately £143,658.
| 5 Jul 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 148.6 | 14.927 % | £125,000 | £18,658 | £143,658 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | -40.880 % | £-51,099 | £73,900 |
| 3 Month Average | -8.728 % | £-10,910 | £114,089 |
| 6 Month Average | 6.906 % | £8,632 | £133,632 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £279,336 | £275,200 | 51 WELBY ROAD |
| 7 Oct 2022 | £299,278 | £302,500 | 11 WELBY ROAD |
| 19 Aug 2022 | £284,235 | £285,000 | 26 SILVERLANDS CLOSE |
| 7 Jul 2022 | £180,486 | £180,000 | 9 WELBY ROAD |
| 17 Jun 2022 | £253,584 | £250,000 | 33 CATESWELL ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 4 Apr 2017. Using an estimated price of £143,658 means this house is valued at £2,762 per sq meter (£256 per sq foot).
The average size of a house on WELBY ROAD is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Welby Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Silverlands Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Silverlands Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Silverlands Close |
| Jan 2024 | Violence and sexual offences | Offender given a caution | On or near Silverlands Close |