£296,179
This estimated value is based upon the latest sale price for the house of £174,000 on 30 Jul 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £174,000 | 30 Jul 2012 |
| £167,000 | 16 Feb 2012 |
| £64,000 | 23 Dec 1998 |
| Terraced |
| Freehold |
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 2012 the House Price Index for WEST MIDLANDS was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.218%.Applying this 70.218% change to the original purchase price of £174,000 results in an estimated price of approximately £296,179.
| 30 Jul 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.218 % | £174,000 | £122,179 | £296,179 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 27.116 % | £47,181 | £221,181 |
| 3 Month Average | 36.080 % | £62,779 | £236,779 |
| 6 Month Average | 56.567 % | £98,426 | £272,426 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £296,388 | £292,000 | 66 SPRINGFIELD ROAD |
| 3 Nov 2023 | £599,881 | £591,000 | 16 SPRINGFIELD ROAD |
| 22 Aug 2023 | £363,177 | £360,000 | 99 INSTITUTE ROAD |
| 16 Aug 2023 | £262,295 | £260,000 | 2 RICHMOND PLACE |
| 13 Jun 2023 | £253,065 | £250,000 | 102 INSTITUTE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Springfield Road |
| Mar 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Richmond Place |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richmond Place |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Richmond Place |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Richmond Place |