£133,185
This estimated value is based upon the latest sale price for the house of £85,000 on 14 Feb 2008. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £85,000 | 14 Feb 2008 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 February 2008 the House Price Index for WEST MIDLANDS was 94.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.689%.Applying this 56.689% change to the original purchase price of £85,000 results in an estimated price of approximately £133,185.
| 14 Feb 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 148.6 | 56.689 % | £85,000 | £48,185 | £133,185 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | 22.317 % | £18,969 | £103,969 |
| 3 Month Average | 12.131 % | £10,311 | £95,311 |
| 6 Month Average | 27.256 % | £23,167 | £108,167 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Mar 2023 | £171,617 | £170,000 | 22 NORFOLK NEW ROAD |
| 18 Nov 2022 | £172,412 | £174,500 | 6 PERCH ROAD |
| 2 Nov 2022 | £227,247 | £230,000 | 10 BALMORAL WAY |
| 14 Feb 2022 | £141,574 | £135,000 | 29 BALMORAL WAY |
| 26 Nov 2021 | £162,227 | £150,000 | 2 BALMORAL WAY |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 28 Feb 2014. Using an estimated price of £133,186 means this house is valued at £2,421 per sq meter (£224 per sq foot).
The average size of a house on BALMORAL WAY is 62 sq meters (676 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Balmoral Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Norfolk New Road |