£365,385
This estimated value is based upon the latest sale price for the house of £299,950 on 24 Jul 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Institute Road
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| Price Paid | Date |
|---|---|
| £299,950 | 24 Jul 2020 |
| £165,000 | 15 Dec 2014 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 2020 the House Price Index for WEST MIDLANDS was 122.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.815%.Applying this 21.815% change to the original purchase price of £299,950 results in an estimated price of approximately £365,385.
| 24 Jul 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 149.7 | 21.815 % | £299,950 | £65,435 | £365,385 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 15.880 % | £47,632 | £347,582 |
| 3 Month Average | 20.726 % | £62,168 | £362,118 |
| 6 Month Average | 14.838 % | £44,505 | £344,455 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £298,588 | £294,000 | 7 GOLDSMITH ROAD |
| 22 Sep 2023 | £51,127 | £50,000 | 80A INSTITUTE ROAD |
| 23 Jun 2023 | £244,908 | £240,000 | 20 FLORENCE ROAD |
| 19 Apr 2023 | £403,548 | £396,000 | 36 HEATHFIELD ROAD |
| 30 Jan 2023 | £300,804 | £300,000 | 26 FLORENCE ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 27 Jan 2020. Using an estimated price of £365,385 means this house is valued at £4,015 per sq meter (£373 per sq foot).
The average size of a house on INSTITUTE ROAD is 103 sq meters (1,111 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Institute Road |
| Jul 2024 | Other theft | Unable to prosecute suspect | On or near Institute Road |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Institute Road |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Institute Road |
| Jul 2024 | Anti-social behaviour | On or near Institute Road |