£234,591
This estimated value is based upon the latest sale price for the house of £127,075 on 24 Jun 2005. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £127,075 | 24 Jun 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 610 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 June 2005 the House Price Index for WEST MIDLANDS was 80.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.608%.Applying this 84.608% change to the original purchase price of £127,075 results in an estimated price of approximately £234,591.
| 24 Jun 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.5 | 148.6 | 84.608 % | £127,075 | £107,516 | £234,591 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | -25.026 % | £-31,802 | £95,272 |
| 3 Month Average | 14.013 % | £17,806 | £144,881 |
| 6 Month Average | 32.616 % | £41,446 | £168,521 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £117,743 | £116,000 | 96 ALBION STREET |
| 14 Apr 2023 | £126,361 | £125,000 | 135 ALBION STREET |
| 23 Mar 2023 | £121,141 | £120,000 | 132 ALBION STREET |
| 23 Feb 2023 | £130,912 | £131,000 | 86 ALBION STREET |
| 9 Jan 2023 | £95,550 | £96,000 | 91 ALBION STREET |
This house has a floor area of 56 sq meters or 610 sq feet when measured on 3 Feb 2012. Using an estimated price of £234,591 means this house is valued at £4,135 per sq meter (£384 per sq foot).
The average size of a house on ALBION STREET is 61 sq meters (659 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Union Mill Street |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Union Mill Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Union Mill Street |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Albion Street |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Albion Street |