£160,031
This estimated value is based upon the latest sale price for the house of £140,000 on 7 Dec 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £140,000 | 7 Dec 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 December 2020 the House Price Index for WEST MIDLANDS was 129.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 14.308%.Applying this 14.308% change to the original purchase price of £140,000 results in an estimated price of approximately £160,031.
| 7 Dec 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.0 | 14.308 % | £140,000 | £20,031 | £160,031 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 22.210 % | £31,093 | £171,093 |
| 3 Month Average | 7.056 % | £9,878 | £149,878 |
| 6 Month Average | 14.847 % | £20,785 | £160,785 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Dec 2023 | £98,871 | £97,000 | 44 GRAHAM ROAD |
| 28 Jul 2023 | £221,091 | £219,000 | 26 OLIVE DRIVE |
| 9 Jun 2023 | £226,839 | £225,000 | 25A COCKSHEDS LANE |
| 7 Nov 2022 | £171,223 | £174,000 | 8 BEECH AVENUE |
| 5 Jul 2022 | £249,663 | £250,000 | 76A HALESOWEN STREET |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 30 Jun 2020. Using an estimated price of £160,031 means this house is valued at £2,192 per sq meter (£203 per sq foot).
The average size of a house on BEECH AVENUE is 90 sq meters (972 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Beech Avenue |
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Beechfield Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cocksheds Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cocksheds Lane |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Cocksheds Lane |