£183,982
This estimated value is based upon the latest sale price for the house of £138,500 on 14 Sep 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£138,500 | 14 Sep 2016 |
£132,300 | 18 Jul 2014 |
£122,500 | 19 Jan 2007 |
£80,000 | 15 May 2003 |
Semi-Detached |
Freehold |
Floor Area: 69 sq meters or 742 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 2016 the House Price Index for WEST MIDLANDS was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £138,500 results in an estimated price of approximately £183,982.
14 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.9 | 148.6 | 32.839 % | £138,500 | £45,482 | £183,982 |
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 | -19.815 % | £-27,443 | £111,056 |
3 Month Average | 5.301 % | £7,341 | £145,841 |
6 Month Average | 21.258 % | £29,442 | £167,942 |
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 69 sq meters or 742 sq feet when measured on 17 Jun 2016. Using an estimated price of £183,982 means this house is valued at £2,666 per sq meter (£247 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 |