£144,888
This estimated value is based upon the latest sale price for the house of £48,500 on 26 Apr 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £48,500 | 26 Apr 2002 |
| Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 April 2002 the House Price Index for WEST MIDLANDS was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £48,500 results in an estimated price of approximately £144,888.
| 26 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £48,500 | £96,388 | £144,888 |
The Postcode Pricing Model uses changes in average sales price within the WV2 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 | 481.024 % | £233,296 | £281,796 |
| 3 Month Average | 322.803 % | £156,559 | £205,059 |
| 6 Month Average | 315.113 % | £152,830 | £201,330 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jul 2023 | £156,101 | £154,000 | 36 COTSWOLD ROAD |
| 26 Jun 2023 | £174,615 | £172,500 | 8 MENDIP CLOSE |
| 31 Mar 2023 | £201,902 | £200,000 | 22 ROOKER CRESCENT |
| 17 Feb 2023 | £159,892 | £160,000 | 25 ROOKER CRESCENT |
| 17 Feb 2023 | £249,832 | £250,000 | 35 COTSWOLD ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 27 Jan 2020. Using an estimated price of £144,888 means this house is valued at £1,745 per sq meter (£162 per sq foot).
The average size of a house on CHEVIOT ROAD is 78 sq meters (849 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheviot Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheviot Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheviot Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cheviot Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Cheviot Road |