£161,432
This estimated value is based upon the latest sale price for the house of £131,000 on 25 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £131,000 | 25 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 October 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £131,000 results in an estimated price of approximately £161,432.
| 25 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £131,000 | £30,432 | £161,432 |
The Postcode Pricing Model uses changes in average sales price within the B8 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 | 3.565 % | £4,670 | £135,670 |
| 3 Month Average | 16.419 % | £21,509 | £152,509 |
| 6 Month Average | -9.141 % | £-11,975 | £119,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £101,226 | £100,000 | 39 BELCHERS LANE |
| 5 Apr 2023 | £192,068 | £190,000 | 741 ALUM ROCK ROAD |
| 3 Apr 2023 | £79,860 | £79,000 | 19 BELCHERS LANE |
| 26 Jan 2023 | £248,828 | £250,000 | FLAT 754 ALUM ROCK ROAD |
| 7 Jul 2022 | £451,215 | £450,000 | 2 - 6 BELCHERS LANE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 2 Mar 2016. Using an estimated price of £161,433 means this house is valued at £1,598 per sq meter (£148 per sq foot).
The average size of a house on PELHAM ROAD is 80 sq meters (864 sq feet).