£1,157,236
This estimated value is based upon the latest sale price for the house of £685,000 on 24 Nov 2006. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Vernon Road
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| Price Paid | Date |
|---|---|
| £685,000 | 24 Nov 2006 |
| Detached |
| Freehold |
| Floor Area: 46 sq meters or 495 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 2006 the House Price Index for WEST MIDLANDS was 88.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 68.940%.Applying this 68.940% change to the original purchase price of £685,000 results in an estimated price of approximately £1,157,236.
| 24 Nov 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.6 | 149.7 | 68.940 % | £685,000 | £472,236 | £1,157,236 |
The Postcode Pricing Model uses changes in average sales price within the B16 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 | 54.265 % | £371,712 | £1,056,712 |
| 3 Month Average | 53.028 % | £363,239 | £1,048,239 |
| 6 Month Average | 46.126 % | £315,966 | £1,000,966 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £868,693 | £842,000 | 69 VERNON ROAD |
| 27 Jan 2023 | £152,909 | £152,500 | FLAT 16 MAGDALEN COURT, 1 VERNON ROAD |
| 20 Jan 2023 | £721,929 | £720,000 | 16 VERNON ROAD |
| 1 Jul 2022 | £560,617 | £555,000 | 5 VERNON ROAD |
| 7 Jan 2022 | £498,293 | £470,000 | 25 PORTLAND ROAD |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 17 Jan 2015. Using an estimated price of £1,157,236 means this house is valued at £25,157 per sq meter (£2,337 per sq foot).
The average size of a house on VERNON ROAD is 136 sq meters (1,470 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Offender given a caution | On or near Vernon Road |
| May 2024 | Vehicle crime | Unable to prosecute suspect | On or near Vernon Road |
| Apr 2024 | Burglary | Under investigation | On or near Vernon Road |