£307,424
This estimated value is based upon the latest sale price for the house of £247,000 on 21 Jun 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £247,000 | 21 Jun 2019 |
| £179,500 | 26 Oct 2018 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 June 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £247,000 results in an estimated price of approximately £307,424.
| 21 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £247,000 | £60,424 | £307,424 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | -41.416 % | £-102,298 | £144,701 |
| 3 Month Average | 9.731 % | £24,034 | £271,034 |
| 6 Month Average | 43.068 % | £106,377 | £353,377 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £233,589 | £230,000 | 7 PATRICIA AVENUE |
| 6 Dec 2023 | £309,511 | £300,000 | 95 PARK HALL ROAD |
| 11 Oct 2023 | £373,483 | £365,000 | 2 HORNBY ROAD |
| 16 Jun 2023 | £303,584 | £297,500 | 18 BENSON AVENUE |
| 2 Jun 2023 | £283,175 | £277,500 | 8 PARK HALL ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 31 Jul 2018. Using an estimated price of £307,424 means this house is valued at £3,236 per sq meter (£300 per sq foot).
The average size of a house on WARD ROAD is 125 sq meters (1,354 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ranworth Rise |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ranworth Rise |
| Oct 2024 | Public order | Investigation complete; no suspect identified | On or near Hornby Road |
| Aug 2024 | Violence and sexual offences | Local resolution | On or near Herbhill Close |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Hall Road |