£122,058
This estimated value is based upon the latest sale price for the house of £72,500 on 21 May 2012. 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 Gravel Bank
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| Price Paid | Date |
|---|---|
| £72,500 | 21 May 2012 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 May 2012 the House Price Index for WEST MIDLANDS was 87.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.357%.Applying this 68.357% change to the original purchase price of £72,500 results in an estimated price of approximately £122,058.
| 21 May 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 146.7 | 68.357 % | £72,500 | £49,558 | £122,058 |
The Postcode Pricing Model uses changes in average sales price within the B32 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 | 27.041 % | £19,604 | £92,104 |
| 3 Month Average | 43.217 % | £31,332 | £103,832 |
| 6 Month Average | 53.166 % | £38,545 | £111,045 |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 24 Feb 2010.
The average size of a house on GRAVEL BANK is 81 sq meters (877 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Gravel Bank |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Gravel Bank |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Gravel Bank |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gravel Bank |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gravel Bank |