£159,789
This estimated value is based upon the latest sale price for the house of £120,000 on 26 Jul 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £120,000 | 26 Jul 2016 |
| £59,905 | 25 Oct 2002 |
| £40,000 | 2 Feb 2001 |
| £29,000 | 3 Dec 1999 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 July 2016 the House Price Index for WEST MIDLANDS was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £120,000 results in an estimated price of approximately £159,789.
| 26 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £120,000 | £39,789 | £159,789 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 24.508 % | £29,410 | £149,410 |
| 3 Month Average | 35.087 % | £42,104 | £162,104 |
| 6 Month Average | 34.741 % | £41,689 | £161,689 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £132,315 | £130,000 | 137 MEADOW ROAD |
| 18 Sep 2023 | £206,642 | £204,000 | 7 GOSPEL OAK ROAD |
| 8 Aug 2023 | £196,721 | £195,000 | 4 BIRKDALE CLOSE |
| 29 Jun 2023 | £227,759 | £225,000 | 21 BIRKDALE CLOSE |
| 29 Apr 2022 | £179,185 | £174,000 | 153 MEADOW ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 4 Feb 2016. Using an estimated price of £159,789 means this house is valued at £2,048 per sq meter (£190 per sq foot).
The average size of a house on MEADOW ROAD is 108 sq meters (1,167 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Hedgerow Walk |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gospel Oak Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gospel Oak Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gospel Oak Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gospel Oak Road |