£196,164
This estimated value is based upon the latest sale price for the house of £145,000 on 20 May 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£145,000 | 20 May 2016 |
£130,000 | 18 Jul 2006 |
£35,000 | 5 Dec 1997 |
Terraced |
Freehold |
Floor Area: 98 sq meters or 1,054 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 May 2016 the House Price Index for WEST MIDLANDS was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £145,000 results in an estimated price of approximately £196,164.
20 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
110.7 | 149.7 | 35.286 % | £145,000 | £51,164 | £196,164 |
The Postcode Pricing Model uses changes in average sales price within the B11 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 | -1.516 % | £-2,198 | £142,801 |
3 Month Average | 25.940 % | £37,612 | £182,612 |
6 Month Average | 37.181 % | £53,912 | £198,912 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Aug 2024 | £240,000 | £240,000 | 471 REDDINGS LANE |
24 Jun 2024 | £200,000 | £200,000 | 114 SPRINGCROFT ROAD |
29 Sep 2023 | £209,621 | £205,000 | 104 SPRINGCROFT ROAD |
24 Aug 2022 | £211,991 | £211,000 | 77 SPRINGCROFT ROAD |
17 Jun 2022 | £122,621 | £120,000 | 65 LYNCROFT ROAD |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 20 Jun 2013. Using an estimated price of £196,164 means this house is valued at £2,001 per sq meter (£185 per sq foot).
The average size of a house on SPRINGCROFT ROAD is 82 sq meters (885 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Springcroft Road |
Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Springcroft Road |
Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springcroft Road |