£237,910
This estimated value is based upon the latest sale price for the house of £240,000 on 27 Jan 2023. 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 Somerset Road
More crime details
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| Price Paid | Date |
|---|---|
| £240,000 | 27 Jan 2023 |
| Semi-Detached |
| Freehold |
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 January 2023 the House Price Index for WEST MIDLANDS was 149.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.871%.Applying this -0.871% change to the original purchase price of £240,000 results in an estimated price of approximately £237,910.
| 27 Jan 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 148.0 | -0.871 % | £240,000 | £-2,089 | £237,910 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -35.521 % | £-85,249 | £154,750 |
| 3 Month Average | -15.365 % | £-36,877 | £203,122 |
| 6 Month Average | -2.190 % | £-5,255 | £234,744 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Apr 2023 | £181,348 | £180,000 | 15 VOWLES ROAD |
| 24 Feb 2023 | £218,964 | £220,000 | 8 VOWLES ROAD |
| 27 Jan 2023 | £237,910 | £240,000 | 1 SOMERSET ROAD |
| 13 Jan 2023 | £201,232 | £203,000 | 8 WESTMORLAND ROAD |
| 14 Apr 2022 | £92,308 | £90,000 | 12 WESTMORLAND ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Somerset Road |
| Mar 2024 | Other crime | Under investigation | On or near Somerset Road |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Somerset Road |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Somerset Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Somerset Road |