£125,593
This estimated value is based upon the latest sale price for the house of £92,000 on 12 Feb 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £92,000 | 12 Feb 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 527 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 2016 the House Price Index for WEST MIDLANDS was 108.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 36.515%.Applying this 36.515% change to the original purchase price of £92,000 results in an estimated price of approximately £125,593.
| 12 Feb 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.9 | 148.6 | 36.515 % | £92,000 | £33,593 | £125,593 |
The Postcode Pricing Model uses changes in average sales price within the B27 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 | -69.140 % | £-63,608 | £28,391 |
| 3 Month Average | 23.673 % | £21,779 | £113,779 |
| 6 Month Average | 37.350 % | £34,362 | £126,362 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2023 | £262,830 | £260,000 | 55 BROAD ROAD |
| 1 Apr 2022 | £293,493 | £285,000 | 42 BROAD ROAD |
| 28 Mar 2022 | £79,792 | £77,000 | 4 PEARL PLACE |
| 24 Mar 2022 | £203,626 | £196,500 | 25 GREEN ACRES |
| 25 Feb 2022 | £46,143 | £44,000 | FLAT 6 WESTGREEN COURT, 59 BROAD ROAD |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 9 Jul 2014. Using an estimated price of £125,594 means this house is valued at £2,563 per sq meter (£238 per sq foot).
The average size of a house on BROAD ROAD is 87 sq meters (944 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pearl Grove |
| Mar 2024 | Drugs | Local resolution | On or near Pearl Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Pearl Grove |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Pearl Grove |
| Feb 2024 | Violence and sexual offences | Offender given a caution | On or near Pearl Grove |