£156,031
This estimated value is based upon the latest sale price for the house of £125,000 on 17 Apr 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £125,000 | 17 Apr 2018 |
| Leasehold |
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 2018 the House Price Index for WEST MIDLANDS was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £125,000 results in an estimated price of approximately £156,031.
| 17 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 148.6 | 24.825 % | £125,000 | £31,031 | £156,031 |
The Postcode Pricing Model uses changes in average sales price within the B7 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 | 966.120 % | £1,207,649 | £1,332,649 |
| 3 Month Average | 361.415 % | £451,769 | £576,769 |
| 6 Month Average | 69.734 % | £87,168 | £212,168 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £378,310 | £375,000 | 5 PHOENIX BUSINESS PARK |
| 21 Jul 2023 | £139,376 | £137,500 | 223 ROCKY LANE |
| 26 Jun 2023 | £2,617,709 | £2,586,000 | FAZELEY HOUSE, 50 ROCKY LANE |
| 20 Jun 2023 | £1,111,463 | £1,098,000 | 50 AVENUE ROAD |
| 2 Jun 2023 | £101,226 | £100,000 | UNIT 25 SANDY LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Rupert Street | |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Rupert Street |