£185,496
This estimated value is based upon the latest sale price for the house of £160,000 on 6 Nov 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £160,000 | 6 Nov 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2020 the House Price Index for WEST MIDLANDS was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £160,000 results in an estimated price of approximately £185,496.
| 6 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £160,000 | £25,496 | £185,496 |
The Postcode Pricing Model uses changes in average sales price within the B70 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 | 0.861 % | £1,378 | £161,378 |
| 3 Month Average | -6.384 % | £-10,213 | £149,786 |
| 6 Month Average | 17.614 % | £28,182 | £188,182 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jul 2023 | £192,592 | £190,000 | 36 GUNS LANE |
| 27 Apr 2023 | £130,404 | £129,000 | 32 RAILWAY STREET |
| 8 Feb 2023 | £155,895 | £156,000 | 56 RAILWAY STREET |
| 31 Jan 2023 | £149,794 | £150,500 | 5 TURNER STREET |
| 1 Sep 2022 | £182,526 | £184,000 | 9 BROOK STREET |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 7 Sep 2020. Using an estimated price of £185,497 means this house is valued at £2,182 per sq meter (£202 per sq foot).
The average size of a house on RAILWAY STREET is 76 sq meters (825 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Railway Street |
| Mar 2024 | Other theft | Under investigation | On or near Railway Street |
| Feb 2024 | Robbery | Under investigation | On or near Railway Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Railway Street |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Guns Lane |