£196,113
This estimated value is based upon the latest sale price for the house of £180,000 on 2 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £180,000 | 2 Nov 2021 |
| £63,000 | 21 Apr 2008 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 November 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £180,000 results in an estimated price of approximately £196,113.
| 2 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £180,000 | £16,113 | £196,113 |
The Postcode Pricing Model uses changes in average sales price within the B38 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 | 10.696 % | £19,252 | £199,252 |
| 3 Month Average | -38.196 % | £-68,753 | £111,246 |
| 6 Month Average | -8.400 % | £-15,120 | £164,879 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2023 | £234,384 | £230,000 | 475 REDDITCH ROAD |
| 24 Oct 2022 | £294,018 | £295,000 | 17 HEATHLEIGH ROAD |
| 2 Sep 2022 | £194,870 | £195,000 | 25 HEATHLEIGH ROAD |
| 18 Jul 2022 | £254,046 | £251,500 | 51 KINGS PARK WEST |
| 29 Apr 2022 | £256,243 | £247,000 | 20 GLENWOOD ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 18 Jun 2021. Using an estimated price of £196,114 means this house is valued at £2,546 per sq meter (£236 per sq foot).
The average size of a house on NEARHILL ROAD is 81 sq meters (875 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Nearhill Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Glenwood Road |
| May 2024 | Burglary | Investigation complete; no suspect identified | On or near Glenwood Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Glenwood Road |
| Jun 2024 | Anti-social behaviour | On or near Kings Park West |