£246,458
This estimated value is based upon the latest sale price for the house of £200,000 on 30 Apr 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £200,000 | 30 Apr 2018 |
| Leasehold |
| Floor Area: 93 sq meters or 1,001 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 April 2018 the House Price Index for WEST MIDLANDS was 119.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.229%.Applying this 23.229% change to the original purchase price of £200,000 results in an estimated price of approximately £246,458.
| 30 Apr 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 146.7 | 23.229 % | £200,000 | £46,458 | £246,458 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | 9.737 % | £19,474 | £219,474 |
| 3 Month Average | 11.171 % | £22,341 | £222,341 |
| 6 Month Average | 16.743 % | £33,485 | £233,485 |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 24 Nov 2017.
The average size of a house on NICHOLAS ROAD is 92 sq meters (992 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lilac Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ashwood Close |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Blackwood Drive |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Larchwood Crescent |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Frankburn Road |