£243,274
This estimated value is based upon the latest sale price for the house of £240,000 on 21 Jul 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 21 Jul 2023 |
| £51,500 | 4 Nov 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 July 2023 the House Price Index for WEST MIDLANDS was 146.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.364%.Applying this 1.364% change to the original purchase price of £240,000 results in an estimated price of approximately £243,274.
| 21 Jul 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.6 | 148.6 | 1.364 % | £240,000 | £3,274 | £243,274 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | 66.907 % | £160,576 | £400,576 |
| 3 Month Average | 16.790 % | £40,294 | £280,294 |
| 6 Month Average | 3.061 % | £7,345 | £247,345 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £243,274 | £240,000 | 52 WELSHMANS HILL |
| 19 Jul 2023 | £349,707 | £345,000 | 5 GREENWAY DRIVE |
| 16 Feb 2022 | £450,939 | £430,000 | 354 CHESTER ROAD NORTH |
| 3 Feb 2022 | £435,208 | £415,000 | 22 MILCOTE DRIVE |
| 23 Nov 2021 | £562,387 | £520,000 | 336 CHESTER ROAD NORTH |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 16 Dec 2013. Using an estimated price of £243,274 means this house is valued at £2,896 per sq meter (£269 per sq foot).
The average size of a house on WELSHMANS HILL is 83 sq meters (896 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welshmans Hill |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welshmans Hill |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welshmans Hill |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Welshmans Hill |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Lapworth Drive |