£493,502
This estimated value is based upon the latest sale price for the house of £475,000 on 7 Jan 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £475,000 | 7 Jan 2022 |
| £255,000 | 27 Feb 2015 |
| £95,000 | 18 May 2006 |
| Semi-Detached |
| Leasehold |
| Floor Area: 90 sq meters or 968 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 January 2022 the House Price Index for WEST MIDLANDS was 141.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 3.895%.Applying this 3.895% change to the original purchase price of £475,000 results in an estimated price of approximately £493,502.
| 7 Jan 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 146.7 | 3.895 % | £475,000 | £18,502 | £493,502 |
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 | -75.401 % | £-358,155 | £116,844 |
| 3 Month Average | -30.928 % | £-146,906 | £328,093 |
| 6 Month Average | -16.260 % | £-77,236 | £397,763 |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 16 Oct 2014.
The average size of a house on RUSSELL BANK ROAD is 119 sq meters (1,289 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Walsall Road |
| Jan 2024 | Anti-social behaviour | On or near Walsall Road | |
| Jan 2024 | Anti-social behaviour | On or near Walsall Road | |
| Jan 2024 | Anti-social behaviour | On or near Walsall Road | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Walsall Road |