£311,797
This estimated value is based upon the latest sale price for the house of £163,000 on 14 Oct 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £163,000 | 14 Oct 2004 |
| £89,950 | 27 Apr 2001 |
| Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 October 2004 the House Price Index for WEST MIDLANDS was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £163,000 results in an estimated price of approximately £311,797.
| 14 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 149.7 | 91.287 % | £163,000 | £148,797 | £311,797 |
The Postcode Pricing Model uses changes in average sales price within the B26 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 | 99.102 % | £161,537 | £324,537 |
| 3 Month Average | 87.015 % | £141,833 | £304,833 |
| 6 Month Average | 83.457 % | £136,034 | £299,034 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Oct 2023 | £138,137 | £135,000 | 24 LANGHAM CLOSE |
| 30 Jun 2023 | £256,133 | £251,000 | 14 LARNE ROAD |
| 30 Mar 2023 | £274,586 | £270,000 | 95 GARRETTS GREEN LANE |
| 9 Feb 2023 | £252,688 | £251,000 | 6 LARNE ROAD |
| 11 Nov 2022 | £184,139 | £185,000 | 37 LARNE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 18 Aug 2009. Using an estimated price of £311,797 means this house is valued at £3,946 per sq meter (£366 per sq foot).
The average size of a house on ELMAY ROAD is 72 sq meters (782 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Langham Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Langham Close |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Langham Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Langham Close |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Langham Close |