£555,383
This estimated value is based upon the latest sale price for the house of £219,000 on 31 Dec 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £219,000 | 31 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 109 sq meters or 1,173 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 December 2002 the House Price Index for WEST MIDLANDS was 58.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 153.600%.Applying this 153.600% change to the original purchase price of £219,000 results in an estimated price of approximately £555,383.
| 31 Dec 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 148.6 | 153.600 % | £219,000 | £336,383 | £555,383 |
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 | 25.857 % | £56,625 | £275,625 |
| 3 Month Average | 116.508 % | £255,152 | £474,152 |
| 6 Month Average | 115.414 % | £252,757 | £471,757 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Feb 2023 | £179,879 | £180,000 | 48 CAVERSHAM PLACE |
| 27 Jan 2023 | £298,593 | £300,000 | 65 CAVERSHAM PLACE |
| 6 Jan 2023 | £353,336 | £355,000 | 97 CAVERSHAM PLACE |
| 26 Aug 2022 | £224,396 | £225,000 | 32 CAVERSHAM PLACE |
| 26 Aug 2022 | £186,498 | £187,000 | 3 CAVERSHAM PLACE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 24 Apr 2020. Using an estimated price of £555,384 means this house is valued at £5,095 per sq meter (£473 per sq foot).
The average size of a house on CAVERSHAM PLACE is 95 sq meters (1,026 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Farthing Lane |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farthing Lane |
| Feb 2024 | Possession of weapons | Under investigation | On or near Farthing Lane |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Farthing Lane |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farthing Lane |