£149,935
This estimated value is based upon the latest sale price for the house of £120,000 on 23 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 | 23 Feb 2018 |
| £105,000 | 8 Jan 2016 |
| £97,000 | 26 Nov 2004 |
| £97,000 | 27 Aug 2004 |
| £87,995 | 28 Feb 2003 |
| £40,000 | 3 May 1996 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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.
| 23 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 B62 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 | 0.065 % | £78 | £120,078 |
| 3 Month Average | 18.258 % | £21,909 | £141,909 |
| 6 Month Average | 29.489 % | £35,386 | £155,386 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £325,000 | £325,000 | 27 SPRINGFIELD DRIVE |
| 29 Dec 2023 | £247,327 | £243,000 | 1 SPRINGFIELD ROAD |
| 7 Jun 2023 | £87,055 | £86,000 | 243 LONG LANE |
| 23 Jan 2023 | £138,348 | £139,000 | 261 LONG LANE |
| 11 Jul 2022 | £290,783 | £290,000 | 231A LONG LANE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 14 Aug 2015. Using an estimated price of £149,935 means this house is valued at £1,743 per sq meter (£161 per sq foot).
The average size of a house on GREENHILL ROAD is 106 sq meters (1,147 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Greenhill Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Greenhill Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Springfield Drive |
| Apr 2024 | Vehicle crime | Under investigation | On or near Springfield Drive |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Springfield Drive |