£181,278
This estimated value is based upon the latest sale price for the house of £117,250 on 6 May 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£117,250 | 6 May 2014 |
£114,000 | 28 May 2004 |
£41,700 | 23 Feb 1998 |
Terraced |
Freehold |
Floor Area: 67 sq meters or 721 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 May 2014 the House Price Index for WEST MIDLANDS was 96.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 54.609%.Applying this 54.609% change to the original purchase price of £117,250 results in an estimated price of approximately £181,278.
6 May 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 148.6 | 54.609 % | £117,250 | £64,028 | £181,278 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | 43.205 % | £50,658 | £167,908 |
3 Month Average | 31.743 % | £37,219 | £154,469 |
6 Month Average | 47.128 % | £55,258 | £172,508 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Jul 2023 | £182,456 | £180,000 | 190 SOVEREIGN ROAD |
27 Jun 2023 | £192,330 | £190,000 | 199 SOVEREIGN ROAD |
6 Jan 2023 | £166,715 | £167,500 | 218 SOVEREIGN ROAD |
28 Nov 2022 | £182,786 | £185,000 | 101 KINGSTON ROAD |
1 Jul 2022 | £200,539 | £199,999 | 219 SOVEREIGN ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 3 Mar 2014. Using an estimated price of £181,279 means this house is valued at £2,705 per sq meter (£251 per sq foot).
The average size of a house on KINGSTON ROAD is 72 sq meters (784 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sovereign Road |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sovereign Road |
Feb 2024 | Anti-social behaviour | On or near Sovereign Road | |
Feb 2024 | Anti-social behaviour | On or near Sovereign Road | |
Feb 2024 | Anti-social behaviour | On or near Sovereign Road |