£194,951
This estimated value is based upon the latest sale price for the house of £105,000 on 9 Mar 2009. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £105,000 | 9 Mar 2009 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 994 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 March 2009 the House Price Index for WEST MIDLANDS was 80.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 85.668%.Applying this 85.668% change to the original purchase price of £105,000 results in an estimated price of approximately £194,951.
| 9 Mar 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.0 | 148.6 | 85.668 % | £105,000 | £89,951 | £194,951 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 69.489 % | £72,963 | £177,963 |
| 3 Month Average | 88.748 % | £93,185 | £198,185 |
| 6 Month Average | 76.381 % | £80,200 | £185,200 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £172,202 | £170,000 | 2 TEACHERS CLOSE |
| 7 Aug 2023 | £176,544 | £175,000 | 46 LOUDON AVENUE |
| 25 Jul 2023 | £172,319 | £170,000 | 5 TEACHERS CLOSE |
| 12 Jul 2023 | £253,411 | £250,000 | 85 POOLE ROAD |
| 6 Jul 2023 | £187,524 | £185,000 | 71 BANKS ROAD |
This house has a floor area of 92 sq meters or 994 sq feet when measured on 10 Oct 2008. Using an estimated price of £194,952 means this house is valued at £2,109 per sq meter (£196 per sq foot).
The average size of a house on BANKS ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Poole Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Poole Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Poole Road |
| Feb 2024 | Anti-social behaviour | On or near Poole Road | |
| Feb 2024 | Anti-social behaviour | On or near Poole Road |