£196,028
This estimated value is based upon the latest sale price for the house of £80,000 on 28 Feb 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£80,000 | 28 Feb 2003 |
Semi-Detached |
Freehold |
Floor Area: 73 sq meters or 785 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 February 2003 the House Price Index for WEST MIDLANDS was 60.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 145.035%.Applying this 145.035% change to the original purchase price of £80,000 results in an estimated price of approximately £196,028.
28 Feb 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
60.6 | 148.6 | 145.035 % | £80,000 | £116,028 | £196,028 |
The Postcode Pricing Model uses changes in average sales price within the B63 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 | 56.679 % | £45,343 | £125,343 |
3 Month Average | 99.462 % | £79,569 | £159,569 |
6 Month Average | 99.846 % | £79,876 | £159,876 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £255,026 | £251,250 | 8 WALL WELL LANE |
29 Sep 2023 | £225,888 | £223,000 | 14 RED LEASOWES ROAD |
16 Mar 2023 | £256,416 | £254,000 | 34 INSTONE ROAD |
26 Nov 2021 | £227,118 | £210,000 | 71 HIGHFIELD LANE |
8 Oct 2021 | £219,083 | £198,000 | 25 INSTONE ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 22 Jan 2014. Using an estimated price of £196,028 means this house is valued at £2,685 per sq meter (£249 per sq foot).
The average size of a house on INSTONE ROAD is 81 sq meters (877 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Instone Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Instone Road |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wall Well |
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cavalier Drive |
Jan 2024 | Public order | Unable to prosecute suspect | On or near Cavalier Drive |