£733,925
This estimated value is based upon the latest sale price for the house of £550,000 on 14 Oct 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £550,000 | 14 Oct 2016 |
| Detached |
| Freehold |
| Floor Area: 177 sq meters or 1,905 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 October 2016 the House Price Index for WEST MIDLANDS was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £550,000 results in an estimated price of approximately £733,925.
| 14 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £550,000 | £183,925 | £733,925 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | 28.277 % | £155,522 | £705,522 |
| 3 Month Average | 10.312 % | £56,715 | £606,715 |
| 6 Month Average | 34.521 % | £189,866 | £739,866 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 May 2024 | £222,500 | £222,500 | FLAT 4 PACKWOOD HOUSE MONMOUTH DRIVE |
| 30 Nov 2023 | £184,688 | £180,000 | FLAT 5 PACKWOOD HOUSE MONMOUTH DRIVE |
| 24 Oct 2023 | £573,014 | £560,000 | 14 ROXBURGH ROAD |
| 20 Jan 2023 | £210,563 | £210,000 | FLAT 2 PACKWOOD HOUSE MONMOUTH DRIVE |
| 9 May 2022 | £924,074 | £900,000 | 36 SOMERVILLE ROAD |
This house has a floor area of 177 sq meters or 1,905 sq feet when measured on 22 Jul 2016. Using an estimated price of £733,926 means this house is valued at £4,146 per sq meter (£385 per sq foot).
The average size of a house on MONMOUTH DRIVE is 156 sq meters (1,683 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elwyn Road |
| May 2024 | Violence and sexual offences | Awaiting court outcome | On or near Elwyn Road |
| May 2024 | Public order | Awaiting court outcome | On or near Elwyn Road |
| Apr 2024 | Other theft | Unable to prosecute suspect | On or near Digby Road |