£404,331
This estimated value is based upon the latest sale price for the house of £285,000 on 4 Sep 2015. 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 Richmond Place
More crime details
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| Price Paid | Date |
|---|---|
| £285,000 | 4 Sep 2015 |
| Terraced |
| Freehold |
| Floor Area: 118 sq meters or 1,279 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 2015 the House Price Index for WEST MIDLANDS was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £285,000 results in an estimated price of approximately £404,331.
| 4 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 148.6 | 41.871 % | £285,000 | £119,331 | £404,331 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | -3.626 % | £-10,333 | £274,666 |
| 3 Month Average | 8.609 % | £24,537 | £309,537 |
| 6 Month Average | 33.617 % | £95,808 | £380,808 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £288,040 | £283,000 | 45 MELTON ROAD |
| 3 Nov 2023 | £599,881 | £591,000 | 16 SPRINGFIELD ROAD |
| 16 Aug 2023 | £262,295 | £260,000 | 2 RICHMOND PLACE |
| 28 Jun 2023 | £283,433 | £280,000 | 67 MELTON ROAD |
| 13 Jun 2023 | £253,065 | £250,000 | 102 INSTITUTE ROAD |
This house has a floor area of 118 sq meters or 1,279 sq feet when measured on 20 Mar 2012. Using an estimated price of £404,331 means this house is valued at £3,400 per sq meter (£315 per sq foot).
The average size of a house on GADDESBY ROAD is 100 sq meters (1,081 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Richmond Place |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richmond Place |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Richmond Place |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Richmond Place |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gaddesby Road |