£459,876
This estimated value is based upon the latest sale price for the house of £220,000 on 19 Mar 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £220,000 | 19 Mar 2004 |
| £220,000 | 19 Mar 2004 |
| Detached |
| 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 March 2004 the House Price Index for WEST MIDLANDS was 71.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 109.035%.Applying this 109.035% change to the original purchase price of £220,000 results in an estimated price of approximately £459,876.
| 19 Mar 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 148.6 | 109.035 % | £220,000 | £239,876 | £459,876 |
The Postcode Pricing Model uses changes in average sales price within the B20 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 | 149.073 % | £327,960 | £547,960 |
| 3 Month Average | 113.309 % | £249,279 | £469,279 |
| 6 Month Average | 93.407 % | £205,494 | £425,494 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2022 | £247,008 | £250,000 | 36 WEST DRIVE |
| 16 Aug 2022 | £294,208 | £295,000 | 47 BRECON ROAD |
| 16 Nov 2021 | £243,341 | £225,000 | 52 HEATHFIELD ROAD |
| 12 Nov 2021 | £386,641 | £357,500 | 17 NORTH DRIVE |
| 9 Nov 2021 | £443,421 | £410,000 | 24 HEATHFIELD ROAD |