£147,406
This estimated value is based upon the latest sale price for the house of £100,000 on 6 Mar 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£100,000 | 6 Mar 2015 |
Terraced |
Freehold |
Floor Area: 72 sq meters or 779 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 March 2015 the House Price Index for WEST MIDLANDS was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £100,000 results in an estimated price of approximately £147,406.
6 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.8 | 148.6 | 47.407 % | £100,000 | £47,406 | £147,406 |
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 | 44.494 % | £44,493 | £144,493 |
3 Month Average | 27.221 % | £27,221 | £127,221 |
6 Month Average | 37.653 % | £37,653 | £137,653 |
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 72 sq meters or 779 sq feet when measured on 29 Sep 2011. Using an estimated price of £147,407 means this house is valued at £2,034 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 |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Clements Road |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clements Road |