£212,153
This estimated value is based upon the latest sale price for the house of £173,000 on 31 Oct 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £173,000 | 31 Oct 2019 |
| £103,000 | 3 Jun 2010 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 847 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 October 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £173,000 results in an estimated price of approximately £212,153.
| 31 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £173,000 | £39,153 | £212,153 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 57.327 % | £99,175 | £272,175 |
| 3 Month Average | 9.801 % | £16,955 | £189,955 |
| 6 Month Average | 17.891 % | £30,951 | £203,951 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Dec 2023 | £98,727 | £97,000 | 44 GRAHAM ROAD |
| 28 Jul 2023 | £221,988 | £219,000 | 26 OLIVE DRIVE |
| 9 Jun 2023 | £227,759 | £225,000 | 25A COCKSHEDS LANE |
| 20 Jan 2023 | £179,156 | £180,000 | 91 NEW JOHN STREET |
| 7 Nov 2022 | £171,918 | £174,000 | 8 BEECH AVENUE |
This house has a floor area of 78 sq meters or 847 sq feet when measured on 10 Feb 2010. Using an estimated price of £212,154 means this house is valued at £2,695 per sq meter (£250 per sq foot).
The average size of a house on OLIVE DRIVE is 94 sq meters (1,016 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Beech Avenue |
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Beechfield Close |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Beeches Road |
| Feb 2024 | Burglary | Under investigation | On or near Beeches Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Halesowen Street |