This estimated value is based upon the latest sale price for the house of £175,000 on 30 Sep 1999. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS1
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|£175,000||30 Sep 1999|
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 September 1999 the House Price Index for WEST MIDLANDS was 39.2.The House Price Index as of 1 Dec 2019 is 131.2 which is a change of 234.305%.
Applying this 234.305% change to the original purchase price of £175,000 gives us an estimated price now of around £585,034.
|30 Sep 1999||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the B3 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||273.231 %||£478,153||£653,153|
|3 Month Average||219.303 %||£383,781||£558,781|
|6 Month Average||272.309 %||£476,541||£651,541|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In September 1999 the average sale price for the 50 nearest sales within two miles of WATER COURT, 36 2 WATER STREET was £44,702.
In September 2020 the average sale price for the 8 nearest sales was £236,043. This is a change of 428.037%.
So taking the original purchase price of £175,000 and adjusting it by 428.037% gives an estimated price of £924,064.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 30 Sep 1999||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|25 Oct 2019||£147,750||£147,000||401 LUDGATE LOFT APARTMENTS, 17 LUDGATE HILL|
|3 Oct 2019||£247,255||£246,000||105 LUDGATE LOFT APARTMENTS, 17 LUDGATE HILL|
|24 Jul 2019||£173,546||£170,000||APARTMENT 504 DERWENT FOUNDRY, 5 MARY ANN STREET|
|31 May 2019||£483,867||£470,000||2 WATER COURT WATER STREET|
|25 Apr 2019||£272,954||£265,050||106 LUDGATE LOFT APARTMENTS, 17 LUDGATE HILL|