£275,587
This estimated value is based upon the latest sale price for the house of £164,000 on 6 Jul 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 Old Meadow Road
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| Price Paid | Date |
|---|---|
| £164,000 | 6 Jul 2012 |
| £57,000 | 6 Oct 1995 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2012 the House Price Index for WEST MIDLANDS was 87.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.041%.Applying this 68.041% change to the original purchase price of £164,000 results in an estimated price of approximately £275,587.
| 6 Jul 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 146.7 | 68.041 % | £164,000 | £111,587 | £275,587 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | 19.508 % | £31,993 | £195,993 |
| 3 Month Average | 66.988 % | £109,860 | £273,860 |
| 6 Month Average | 62.321 % | £102,206 | £266,206 |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 22 May 2012.
The average size of a house on GIBBS HILL ROAD is 91 sq meters (982 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Old Meadow Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Gibbs Hill Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gibbs Hill Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Gibbs Hill Road |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Alvechurch Close |