£553,979
This estimated value is based upon the latest sale price for the house of £370,000 on 14 Nov 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £370,000 | 14 Nov 2014 |
| Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 2014 the House Price Index for WEST MIDLANDS was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £370,000 results in an estimated price of approximately £553,979.
| 14 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £370,000 | £183,979 | £553,979 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | 11.603 % | £42,930 | £412,930 |
| 3 Month Average | 17.815 % | £65,915 | £435,915 |
| 6 Month Average | 43.381 % | £160,511 | £530,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £150,636 | £148,000 | FLAT 7 CELANDINE, 5 BADGERS BANK ROAD |
| 3 Nov 2023 | £304,508 | £300,000 | 49 HILL HOOK ROAD |
| 14 Apr 2023 | £492,301 | £487,000 | 2 BALMORAL ROAD |
| 16 Jan 2023 | £423,007 | £425,000 | 56 BALMORAL ROAD |
| 25 Aug 2022 | £496,164 | £497,500 | 21 BISHOPS WAY |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 19 Jul 2014. Using an estimated price of £553,980 means this house is valued at £4,503 per sq meter (£418 per sq foot).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Kestrel Drive |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Kestrel Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Kestrel Drive |
| Jan 2024 | Anti-social behaviour | On or near Kestrel Drive | |
| Jan 2024 | Anti-social behaviour | On or near Kestrel Drive |