£197,372
This estimated value is based upon the latest sale price for the house of £160,000 on 13 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £160,000 | 13 Dec 2018 |
| £101,000 | 2 Oct 2003 |
| Semi-Detached |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £160,000 results in an estimated price of approximately £197,372.
| 13 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £160,000 | £37,372 | £197,372 |
The Postcode Pricing Model uses changes in average sales price within the B23 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 | 15.636 % | £25,016 | £185,016 |
| 3 Month Average | 24.508 % | £39,213 | £199,213 |
| 6 Month Average | 9.548 % | £15,277 | £175,277 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £119,773 | £118,000 | 27 REDBANK AVENUE |
| 31 Aug 2023 | £237,074 | £235,000 | 51 MERE ROAD |
| 7 Aug 2023 | £262,295 | £260,000 | 73 MERE ROAD |
| 10 Jul 2023 | £207,797 | £205,000 | 173 GEORGE ROAD |
| 30 Jun 2023 | £222,698 | £220,000 | 15 QUEENS ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 31 Jul 2018. Using an estimated price of £197,373 means this house is valued at £2,631 per sq meter (£244 per sq foot).
The average size of a house on REDBANK AVENUE is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Redbank Avenue |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Queen'S Road |
| Mar 2024 | Burglary | Under investigation | On or near Queen'S Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Queen'S Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Queen'S Road |