£285,691
This estimated value is based upon the latest sale price for the house of £283,000 on 24 Mar 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Wallace Road
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Price Paid | Date |
---|---|
£283,000 | 24 Mar 2023 |
£178,000 | 17 Jan 2020 |
£155,000 | 7 Feb 2007 |
£88,500 | 16 Oct 2002 |
Terraced |
Freehold |
Floor Area: 80 sq meters or 861 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 March 2023 the House Price Index for WEST MIDLANDS was 147.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.951%.Applying this 0.951% change to the original purchase price of £283,000 results in an estimated price of approximately £285,691.
24 Mar 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.2 | 148.6 | 0.951 % | £283,000 | £2,691 | £285,691 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | -20.102 % | £-56,888 | £226,111 |
3 Month Average | -3.971 % | £-11,238 | £271,761 |
6 Month Average | -1.279 % | £-3,620 | £279,379 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Mar 2023 | £285,692 | £283,000 | 53 WALLACE ROAD |
9 Jan 2023 | £199,560 | £200,500 | 84 STEVENSON ROAD |
20 Jun 2022 | £220,111 | £217,000 | 76 WALLACE ROAD |
17 Mar 2022 | £271,501 | £262,000 | 48 WALLACE ROAD |
21 Dec 2021 | £275,344 | £257,000 | 14 WALLACE ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 15 Jan 2019. Using an estimated price of £285,692 means this house is valued at £3,571 per sq meter (£331 per sq foot).
The average size of a house on WALLACE ROAD is 91 sq meters (989 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Burglary | Under investigation | On or near Wallace Road |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Wallace Road |
Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Sadler Road |