£50,599
This estimated value is based upon the latest sale price for the house of £38,000 on 20 Jul 2016. 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 |
|---|---|
| £38,000 | 20 Jul 2016 |
| £28,000 | 1 May 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 471 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 July 2016 the House Price Index for WEST MIDLANDS was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.158%.Applying this 33.158% change to the original purchase price of £38,000 results in an estimated price of approximately £50,599.
| 20 Jul 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.158 % | £38,000 | £12,599 | £50,599 |
The Postcode Pricing Model uses changes in average sales price within the B27 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 | -69.086 % | £-26,252 | £11,747 |
| 3 Month Average | 12.943 % | £4,918 | £42,918 |
| 6 Month Average | 31.156 % | £11,839 | £49,839 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2023 | £262,830 | £260,000 | 55 BROAD ROAD |
| 11 Jul 2022 | £368,993 | £368,000 | 26 WESTFIELD ROAD |
| 8 Apr 2022 | £185,364 | £180,000 | 3 GROVE AVENUE |
| 1 Apr 2022 | £293,493 | £285,000 | 42 BROAD ROAD |
| 28 Mar 2022 | £79,792 | £77,000 | 4 PEARL PLACE |
This house has a floor area of 43 sq meters or 471 sq feet when measured on 3 Sep 2009. Using an estimated price of £50,600 means this house is valued at £1,154 per sq meter (£107 per sq foot).
The average size of a house on BROAD ROAD is 87 sq meters (944 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Broad Road |
| Mar 2024 | Anti-social behaviour | On or near Broad Road | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Broad Road |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Broad Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broad Road |