£126,942
This estimated value is based upon the latest sale price for the house of £92,500 on 8 Jan 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near River Lee Road
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| Price Paid | Date |
|---|---|
| £92,500 | 8 Jan 2016 |
| £93,000 | 30 Jun 2004 |
| £57,000 | 28 Jun 2002 |
| £40,000 | 28 Feb 2002 |
| £38,500 | 14 Jan 2000 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 January 2016 the House Price Index for WEST MIDLANDS was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £92,500 results in an estimated price of approximately £126,942.
| 8 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £92,500 | £34,442 | £126,942 |
The Postcode Pricing Model uses changes in average sales price within the B11 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 | 81.411 % | £75,305 | £167,805 |
| 3 Month Average | 17.462 % | £16,152 | £108,652 |
| 6 Month Average | 36.230 % | £33,512 | £126,012 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £233,456 | £230,000 | 24 MORCOM ROAD |
| 1 Jul 2022 | £165,445 | £165,000 | 119 ROMA ROAD |
| 22 Dec 2021 | £211,061 | £197,000 | 52 ROMA ROAD |
| 22 Dec 2021 | £211,061 | £197,000 | 23 ROMA ROAD |
| 17 Dec 2021 | £128,565 | £120,000 | 5 RIVER LEE ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 16 Apr 2014. Using an estimated price of £126,943 means this house is valued at £1,763 per sq meter (£163 per sq foot).
The average size of a house on RIVER LEE ROAD is 68 sq meters (735 sq feet).
This house is the largest in the street with a floor area of 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near River Lee Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near River Lee Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near River Lee Road |
| Jan 2024 | Anti-social behaviour | On or near River Lee Road | |
| Jan 2024 | Anti-social behaviour | On or near River Lee Road |