£227,632
This estimated value is based upon the latest sale price for the house of £174,200 on 19 Jan 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Wallace Road
More crime details
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| Price Paid | Date |
|---|---|
| £174,200 | 19 Jan 2017 |
| £154,000 | 3 Nov 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 January 2017 the House Price Index for WEST MIDLANDS was 113.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.673%.Applying this 30.673% change to the original purchase price of £174,200 results in an estimated price of approximately £227,632.
| 19 Jan 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 148.6 | 30.673 % | £174,200 | £53,432 | £227,632 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 21.570 % | £37,574 | £211,774 |
| 3 Month Average | 29.333 % | £51,098 | £225,298 |
| 6 Month Average | 32.702 % | £56,966 | £231,166 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £323,663 | £318,000 | 146 ADDISON ROAD |
| 15 Sep 2023 | £209,681 | £207,000 | 26 DICKENS ROAD |
| 23 Aug 2023 | £191,677 | £190,000 | 144 ADDISON ROAD |
| 20 Jun 2022 | £220,111 | £217,000 | 76 WALLACE ROAD |
| 17 Mar 2022 | £271,501 | £262,000 | 48 WALLACE ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 15 Jul 2016. Using an estimated price of £227,632 means this house is valued at £2,918 per sq meter (£271 per sq foot).
The average size of a house on WALLACE ROAD is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near Wallace Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
| Mar 2024 | Burglary | Under investigation | On or near Wallace Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |