£327,377
This estimated value is based upon the latest sale price for the house of £265,000 on 22 Mar 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£265,000 | 22 Mar 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 72 sq meters or 775 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 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £265,000 results in an estimated price of approximately £327,377.
22 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.539 % | £265,000 | £62,377 | £327,377 |
The Postcode Pricing Model uses changes in average sales price within the B12 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 | -36.540 % | £-96,830 | £168,169 |
3 Month Average | -23.940 % | £-63,440 | £201,559 |
6 Month Average | 22.993 % | £60,930 | £325,930 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jan 2023 | £161,738 | £162,500 | FLAT 26 ABACUS BUILDING, 1 WARWICK STREET |
2 Sep 2022 | £153,758 | £155,000 | FLAT 19 ABACUS BUILDING, 1 WARWICK STREET |
2 Sep 2022 | £163,678 | £165,000 | FLAT 15 ABACUS BUILDING, 1 WARWICK STREET |
31 Aug 2022 | £159,570 | £160,000 | FLAT 129 ABACUS BUILDING, 246 BRADFORD STREET |
18 Mar 2022 | £145,077 | £140,000 | FLAT 36 ABACUS BUILDING, 1 WARWICK STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 4 Feb 2019. Using an estimated price of £327,378 means this house is valued at £4,546 per sq meter (£422 per sq foot).
The average size of a house on ALCESTER STREET is 70 sq meters (760 sq feet).