£207,461
This estimated value is based upon the latest sale price for the house of £137,000 on 18 Aug 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £137,000 | 18 Aug 2014 |
| £75,950 | 28 Feb 2003 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 August 2014 the House Price Index for WEST MIDLANDS was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £137,000 results in an estimated price of approximately £207,461.
| 18 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £137,000 | £70,461 | £207,461 |
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 | 58.226 % | £79,769 | £216,769 |
| 3 Month Average | 59.716 % | £81,810 | £218,810 |
| 6 Month Average | 62.612 % | £85,778 | £222,778 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £172,202 | £170,000 | 2 TEACHERS CLOSE |
| 25 Jul 2023 | £172,319 | £170,000 | 5 TEACHERS CLOSE |
| 7 Jul 2023 | £167,251 | £165,000 | 15 BANKS ROAD |
| 6 Jul 2023 | £187,524 | £185,000 | 71 BANKS ROAD |
| 6 Jan 2023 | £194,086 | £195,000 | 14 BANKS ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 26 Mar 2016. Using an estimated price of £207,462 means this house is valued at £2,626 per sq meter (£243 per sq foot).
The average size of a house on BANKS ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Banks Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Banks Road |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Banks Road |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Teachers Close |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Leofric Street |