£111,310
This estimated value is based upon the latest sale price for the house of £100,000 on 19 Mar 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £100,000 | 19 Mar 2021 |
| £72,500 | 19 Dec 2014 |
| £83,000 | 16 Jul 2010 |
| £111,000 | 26 Jan 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 March 2021 the House Price Index for WEST MIDLANDS was 133.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.311%.Applying this 11.311% change to the original purchase price of £100,000 results in an estimated price of approximately £111,310.
| 19 Mar 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 148.6 | 11.311 % | £100,000 | £11,310 | £111,310 |
The Postcode Pricing Model uses changes in average sales price within the B69 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 | -39.533 % | £-39,533 | £60,466 |
| 3 Month Average | 68.132 % | £68,132 | £168,132 |
| 6 Month Average | 23.316 % | £23,315 | £123,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £129,151 | £127,500 | 51 SUMMERTON ROAD |
| 15 Aug 2023 | £109,962 | £109,000 | 48 MEHDI ROAD |
| 20 Apr 2023 | £96,034 | £95,000 | 18 SUMMERTON ROAD |
| 31 Mar 2023 | £101,961 | £101,000 | 55 MEHDI ROAD |
| 28 Jul 2022 | £265,715 | £265,000 | 70 SUMMERTON ROAD |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 20 Mar 2019. Using an estimated price of £111,311 means this house is valued at £2,023 per sq meter (£188 per sq foot).
The average size of a house on SUMMERTON ROAD is 60 sq meters (650 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Summerton Road |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Mehdi Road |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Gower Croft |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Waterways Drive |
| Apr 2024 | Public order | Under investigation | On or near Brades Road |