£355,757
This estimated value is based upon the latest sale price for the house of £75,000 on 20 May 1998. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £75,000 | 20 May 1998 |
| Terraced |
| Freehold |
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 May 1998 the House Price Index for WEST MIDLANDS was 31.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 374.343%.Applying this 374.343% change to the original purchase price of £75,000 results in an estimated price of approximately £355,757.
| 20 May 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 149.7 | 374.343 % | £75,000 | £280,757 | £355,757 |
The Postcode Pricing Model uses changes in average sales price within the B44 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 | 51.983 % | £38,987 | £113,987 |
| 3 Month Average | 279.540 % | £209,654 | £284,654 |
| 6 Month Average | 312.531 % | £234,398 | £309,398 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £187,887 | £185,000 | 226 HAWTHORN ROAD |
| 25 Oct 2023 | £142,230 | £139,000 | 10 TANSLEY ROAD |
| 7 Nov 2022 | £139,348 | £140,000 | 11 TANSLEY ROAD |
| 29 Sep 2022 | £104,930 | £105,000 | 4 WESTWARD CLOSE |
| 6 May 2022 | £263,104 | £256,250 | 152 WARREN HILL ROAD |