£234,867
This estimated value is based upon the latest sale price for the house of £80,000 on 27 May 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Wallace Road
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| Price Paid | Date |
|---|---|
| £80,000 | 27 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,104 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 2002 the House Price Index for WEST MIDLANDS was 51.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 193.585%.Applying this 193.585% change to the original purchase price of £80,000 results in an estimated price of approximately £234,867.
| 27 May 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 149.7 | 193.585 % | £80,000 | £154,867 | £234,867 |
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 | 168.793 % | £135,034 | £215,034 |
| 3 Month Average | 189.316 % | £151,452 | £231,452 |
| 6 Month Average | 206.357 % | £165,085 | £245,085 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £182,000 | £182,000 | 24 STEVENSON ROAD |
| 25 Mar 2024 | £233,589 | £230,000 | 19 HARDY ROAD |
| 6 Oct 2023 | £255,810 | £250,000 | 58 WALLACE ROAD |
| 24 Mar 2023 | £287,806 | £283,000 | 53 WALLACE ROAD |
| 9 Jan 2023 | £201,037 | £200,500 | 84 STEVENSON ROAD |
This house has a floor area of 102 sq meters or 1,104 sq feet when measured on 11 May 2009. Using an estimated price of £234,868 means this house is valued at £2,288 per sq meter (£212 per sq foot).
The average size of a house on WALLACE ROAD is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Wallace Road |
| Jun 2024 | Vehicle crime | Unable to prosecute suspect | On or near Wallace Road |
| Jun 2024 | Vehicle crime | Unable to prosecute suspect | On or near Wallace Road |
| May 2024 | Vehicle crime | Unable to prosecute suspect | On or near Wallace Road |
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Wallace Road |