£149,581
This estimated value is based upon the latest sale price for the house of £112,000 on 13 Jun 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £112,000 | 13 Jun 2016 |
| £93,500 | 12 Aug 2005 |
| £41,000 | 12 Nov 1999 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 June 2016 the House Price Index for WEST MIDLANDS was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £112,000 results in an estimated price of approximately £149,581.
| 13 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £112,000 | £37,581 | £149,581 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 37.356 % | £41,838 | £153,838 |
| 3 Month Average | 5.617 % | £6,291 | £118,291 |
| 6 Month Average | 32.057 % | £35,903 | £147,903 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £192,855 | £190,000 | 21 BELMONT CLOSE |
| 8 Sep 2023 | £179,292 | £177,000 | 63 BELMONT CLOSE |
| 25 Aug 2023 | £208,827 | £207,000 | 54 ROBERT ROAD |
| 30 Jun 2023 | £207,514 | £205,000 | 54 BELMONT CLOSE |
| 17 Mar 2023 | £169,093 | £167,500 | 61 BELMONT CLOSE |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 26 Feb 2015. Using an estimated price of £149,582 means this house is valued at £1,542 per sq meter (£143 per sq foot).
The average size of a house on LOCARNO ROAD is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Locarno Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Locarno Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Locarno Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Locarno Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Locarno Road |