£123,584
This estimated value is based upon the latest sale price for the house of £100,000 on 17 Dec 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £100,000 | 17 Dec 2019 |
| £32,000 | 6 Sep 2002 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2019 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £100,000 results in an estimated price of approximately £123,584.
| 17 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £100,000 | £23,584 | £123,584 |
The Postcode Pricing Model uses changes in average sales price within the B21 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 | 27.173 % | £27,172 | £127,172 |
| 3 Month Average | 26.864 % | £26,864 | £126,864 |
| 6 Month Average | 36.317 % | £36,316 | £136,316 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £175,000 | £175,000 | 164 OXHILL ROAD |
| 11 Apr 2024 | £116,007 | £115,000 | 36 GREENHILL ROAD |
| 3 Feb 2023 | £90,605 | £90,000 | 55 GREENHILL ROAD |
| 15 Jul 2022 | £129,296 | £128,000 | 117 OXHILL ROAD |
| 27 Apr 2022 | £125,528 | £121,000 | 135 OXHILL ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 8 Nov 2019. Using an estimated price of £123,585 means this house is valued at £1,564 per sq meter (£145 per sq foot).
The average size of a house on OXHILL ROAD is 87 sq meters (942 sq feet).