£295,164
This estimated value is based upon the latest sale price for the house of £290,000 on 8 Dec 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £290,000 | 8 Dec 2023 |
| £165,000 | 23 Jun 2020 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 December 2023 the House Price Index for WEST MIDLANDS was 146.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.781%.Applying this 1.781% change to the original purchase price of £290,000 results in an estimated price of approximately £295,164.
| 8 Dec 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.0 | 148.6 | 1.781 % | £290,000 | £5,164 | £295,164 |
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 | -30.152 % | £-87,440 | £202,559 |
| 3 Month Average | -17.388 % | £-50,426 | £239,573 |
| 6 Month Average | -11.134 % | £-32,289 | £257,710 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £295,164 | £290,000 | 16 FAIRFIELD ROAD |
| 12 Sep 2023 | £526,735 | £520,000 | 27 VICARAGE ROAD |
| 11 Aug 2023 | £262,295 | £260,000 | 30 FAIRFIELD ROAD |
| 5 Jan 2023 | £253,804 | £255,000 | 79 SILVER STREET |
| 26 Aug 2022 | £229,383 | £230,000 | 77 SILVER STREET |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 17 Oct 2019. Using an estimated price of £295,164 means this house is valued at £4,340 per sq meter (£403 per sq foot).
The average size of a house on FAIRFIELD ROAD is 78 sq meters (843 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fairfield Road |
| Jan 2024 | Anti-social behaviour | On or near Fairfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Fairfield Road | |
| Jan 2024 | Anti-social behaviour | On or near Fairfield Road | |
| Jan 2024 | Possession of weapons | Unable to prosecute suspect | On or near Fairfield Road |