£642,744
This estimated value is based upon the latest sale price for the house of £520,000 on 30 Sep 2019. 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 |
|---|---|
| £520,000 | 30 Sep 2019 |
| £451,000 | 7 May 2019 |
| £275,000 | 8 Nov 2002 |
| £57,000 | 31 Dec 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 September 2019 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.605%.Applying this 23.605% change to the original purchase price of £520,000 results in an estimated price of approximately £642,744.
| 30 Sep 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.605 % | £520,000 | £122,744 | £642,744 |
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 | 33.596 % | £174,699 | £694,699 |
| 3 Month Average | 26.844 % | £139,587 | £659,587 |
| 6 Month Average | 18.358 % | £95,459 | £615,459 |
| 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 129 sq meters or 1,388 sq feet when measured on 8 May 2018. Using an estimated price of £642,744 means this house is valued at £4,982 per sq meter (£462 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 |