£137,205
This estimated value is based upon the latest sale price for the house of £110,000 on 14 May 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £110,000 | 14 May 2018 |
| £80,000 | 5 Jul 2012 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 May 2018 the House Price Index for WEST MIDLANDS was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £110,000 results in an estimated price of approximately £137,205.
| 14 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £110,000 | £27,205 | £137,205 |
The Postcode Pricing Model uses changes in average sales price within the WS3 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 | -27.797 % | £-30,576 | £79,423 |
| 3 Month Average | 18.908 % | £20,798 | £130,798 |
| 6 Month Average | 29.777 % | £32,754 | £142,754 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £177,387 | £175,000 | 62 IRVINE ROAD |
| 10 Mar 2023 | £100,951 | £100,000 | 69 NURSERY ROAD |
| 26 Jan 2023 | £209,015 | £210,000 | 106 SOMERFIELD ROAD |
| 30 Nov 2022 | £198,594 | £201,000 | 39 STOWE STREET |
| 28 Oct 2022 | £174,125 | £176,000 | 56 ODELL ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 28 May 2017. Using an estimated price of £137,205 means this house is valued at £1,614 per sq meter (£149 per sq foot).
The average size of a house on SOMERFIELD ROAD is 85 sq meters (921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Somerfield Road |
| Jan 2024 | Anti-social behaviour | On or near Somerfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Somerfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Somerfield Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Odell Way |