£454,884
This estimated value is based upon the latest sale price for the house of £300,000 on 12 Sep 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£300,000 | 12 Sep 2014 |
£128,000 | 8 May 1998 |
Detached |
Freehold |
Floor Area: 131 sq meters or 1,410 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 September 2014 the House Price Index for WEST MIDLANDS was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £300,000 results in an estimated price of approximately £454,884.
12 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
98.7 | 149.7 | 51.628 % | £300,000 | £154,884 | £454,884 |
The Postcode Pricing Model uses changes in average sales price within the B26 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 | 72.208 % | £216,622 | £516,622 |
3 Month Average | 68.995 % | £206,984 | £506,984 |
6 Month Average | 65.790 % | £197,370 | £497,370 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Dec 2023 | £273,401 | £265,000 | 45 VIBART ROAD |
1 Dec 2023 | £340,462 | £330,000 | 17 VIBART ROAD |
30 Nov 2023 | £271,902 | £265,000 | 73 VIBART ROAD |
11 Oct 2023 | £279,344 | £273,000 | 27 FARNOL ROAD |
26 Sep 2023 | £360,446 | £352,500 | 39 QUEENS ROAD |
This house has a floor area of 131 sq meters or 1,410 sq feet when measured on 10 Mar 2014. Using an estimated price of £454,884 means this house is valued at £3,472 per sq meter (£322 per sq foot).
The average size of a house on VIBART ROAD is 106 sq meters (1,149 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Vibart Road |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farnol Road |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farnol Road |
May 2024 | Burglary | Unable to prosecute suspect | On or near Farnol Road |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Farnol Road |