£217,903
This estimated value is based upon the latest sale price for the house of £200,000 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £200,000 | 12 Nov 2021 |
| £78,950 | 26 May 2000 |
| £58,950 | 29 Mar 1996 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £200,000 results in an estimated price of approximately £217,903.
| 12 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £200,000 | £17,903 | £217,903 |
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 | 12.533 % | £25,065 | £225,065 |
| 3 Month Average | 19.485 % | £38,970 | £238,970 |
| 6 Month Average | 5.639 % | £11,277 | £211,277 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £330,071 | £325,000 | 14 RATCLIFFE AVENUE |
| 13 Dec 2023 | £376,571 | £365,000 | 34 IRIS DRIVE |
| 7 Nov 2023 | £448,279 | £436,900 | 36 IRIS DRIVE |
| 6 Oct 2023 | £243,531 | £238,000 | 28 IRIS DRIVE |
| 15 Sep 2023 | £144,178 | £141,000 | APARTMENT 4 75 RATCLIFFE AVENUE |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 22 Dec 2018. Using an estimated price of £217,904 means this house is valued at £3,301 per sq meter (£306 per sq foot).
The average size of a house on IRIS DRIVE is 81 sq meters (876 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Shoplifting | Unable to prosecute suspect | On or near Iris Drive |
| May 2024 | Shoplifting | Under investigation | On or near Iris Drive |
| May 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Iris Drive |
| May 2024 | Shoplifting | Unable to prosecute suspect | On or near Iris Drive |
| May 2024 | Public order | Unable to prosecute suspect | On or near Iris Drive |