£103,231
This estimated value is based upon the latest sale price for the house of £88,000 on 22 Oct 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £88,000 | 22 Oct 2020 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 2020 the House Price Index for WEST MIDLANDS was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £88,000 results in an estimated price of approximately £103,231.
| 22 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £88,000 | £15,231 | £103,231 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 7.107 % | £6,254 | £94,254 |
| 3 Month Average | 5.462 % | £4,806 | £92,806 |
| 6 Month Average | 11.195 % | £9,852 | £97,852 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £162,072 | £160,000 | 24 PARKFIELD CRESCENT |
| 21 Apr 2023 | £277,993 | £275,000 | 24 BIRMINGHAM NEW ROAD |
| 13 Feb 2023 | £229,845 | £230,000 | 30 PARKFIELD CRESCENT |
| 28 Apr 2022 | £200,811 | £195,000 | 34 PARKFIELD CRESCENT |
| 13 Dec 2021 | £37,498 | £35,000 | FLAT 5 GRAFTON HOUSE OLIVE AVENUE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 4 Aug 2020. Using an estimated price of £103,231 means this house is valued at £1,012 per sq meter (£94 per sq foot).
The average size of a house on PARKFIELD ROAD is 74 sq meters (800 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Possession of weapons | Under investigation | On or near Buller Street |
| Feb 2024 | Public order | Under investigation | On or near Buller Street |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Buller Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Barnard Place |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Barnard Place |