£149,935
This estimated value is based upon the latest sale price for the house of £120,000 on 9 Feb 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £120,000 | 9 Feb 2018 |
| £130,000 | 31 Oct 2007 |
| £129,900 | 30 Jun 2006 |
| £112,000 | 11 Jan 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2018 the House Price Index for WEST MIDLANDS was 118.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.946%.Applying this 24.946% change to the original purchase price of £120,000 results in an estimated price of approximately £149,935.
| 9 Feb 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 148.6 | 24.946 % | £120,000 | £29,935 | £149,935 |
The Postcode Pricing Model uses changes in average sales price within the B25 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 | -5.728 % | £-6,873 | £113,126 |
| 3 Month Average | 22.165 % | £26,598 | £146,598 |
| 6 Month Average | 27.838 % | £33,405 | £153,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Apr 2023 | £181,959 | £180,000 | 90 HOMELEA ROAD |
| 6 Apr 2023 | £181,959 | £180,000 | 49 HOMELEA ROAD |
| 10 Feb 2023 | £219,852 | £220,000 | 120 HOMELEA ROAD |
| 11 Jul 2022 | £63,170 | £63,000 | 35 DEBENHAM CRESCENT |
| 31 Mar 2022 | £205,180 | £198,000 | 39 HOMELEA ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 12 Apr 2017. Using an estimated price of £149,935 means this house is valued at £2,026 per sq meter (£188 per sq foot).
The average size of a house on HOMELEA ROAD is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Homelea Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Homelea Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Homelea Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bessborough Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Bessborough Road |