£262,598
This estimated value is based upon the latest sale price for the house of £255,000 on 21 Apr 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £255,000 | 21 Apr 2022 |
| £200,000 | 1 Mar 2013 |
| £165,000 | 21 Nov 2008 |
| £165,000 | 21 Nov 2008 |
| £75,000 | 14 Feb 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 April 2022 the House Price Index for WEST MIDLANDS was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £255,000 results in an estimated price of approximately £262,598.
| 21 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £255,000 | £7,598 | £262,598 |
The Postcode Pricing Model uses changes in average sales price within the B91 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 | -49.580 % | £-126,429 | £128,570 |
| 3 Month Average | -37.679 % | £-96,082 | £158,917 |
| 6 Month Average | -20.285 % | £-51,726 | £203,273 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £274,057 | £270,000 | 20 NEW ROAD |
| 30 Jun 2023 | £227,759 | £225,000 | 25 MALVERN PARK AVENUE |
| 30 Jun 2023 | £301,654 | £298,000 | 5 CEDARHURST PARK ROAD |
| 21 Feb 2023 | £832,440 | £833,000 | 26 RECTORY GARDENS |
| 12 Aug 2022 | £249,329 | £250,000 | 22 MALVERN PARK AVENUE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 29 Nov 2021. Using an estimated price of £262,599 means this house is valued at £3,501 per sq meter (£325 per sq foot).
The average size of a house on PARK ROAD is 89 sq meters (967 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Cedarhurst |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Malvern Park Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rectory Gardens |
| Feb 2024 | Theft from the person | Unable to prosecute suspect | On or near New Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near New Road |