£306,621
This estimated value is based upon the latest sale price for the house of £55,000 on 19 Jul 1996. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £55,000 | 19 Jul 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,123 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 July 1996 the House Price Index for WEST MIDLANDS was 26.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 457.495%.Applying this 457.495% change to the original purchase price of £55,000 results in an estimated price of approximately £306,621.
| 19 Jul 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 148.6 | 457.495 % | £55,000 | £251,621 | £306,621 |
The Postcode Pricing Model uses changes in average sales price within the B26 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 | 251.182 % | £138,150 | £193,150 |
| 3 Month Average | 323.796 % | £178,087 | £233,087 |
| 6 Month Average | 320.792 % | £176,435 | £231,435 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £282,471 | £280,000 | 19 VERA ROAD |
| 4 Aug 2023 | £363,177 | £360,000 | 12 VERA ROAD |
| 17 Mar 2023 | £290,739 | £288,000 | 25 PATRICK ROAD |
| 13 Mar 2023 | £232,188 | £230,000 | 41 VERA ROAD |
| 10 Jun 2022 | £104,476 | £103,000 | FLAT 1 OAKLANDS COURT, 78 MOAT LANE |
This house has a floor area of 104 sq meters or 1,123 sq feet when measured on 17 Apr 2009. Using an estimated price of £306,622 means this house is valued at £2,938 per sq meter (£272 per sq foot).
The average size of a house on PATRICK ROAD is 109 sq meters (1,181 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Patrick Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Moat Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Moat Lane |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vera Road |
| Feb 2024 | Anti-social behaviour | On or near Vera Road |