£467,549
This estimated value is based upon the latest sale price for the house of £378,000 on 3 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £378,000 | 3 Aug 2018 |
| £213,500 | 9 Aug 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 August 2018 the House Price Index for WEST MIDLANDS was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £378,000 results in an estimated price of approximately £467,549.
| 3 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £378,000 | £89,549 | £467,549 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | -8.750 % | £-33,074 | £344,925 |
| 3 Month Average | 17.420 % | £65,849 | £443,849 |
| 6 Month Average | 21.755 % | £82,233 | £460,233 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £422,390 | £415,000 | 117 WESTWOOD ROAD |
| 20 Oct 2022 | £435,808 | £440,500 | 118 WESTWOOD ROAD |
| 17 Aug 2022 | £490,679 | £492,000 | 115 COPPICE VIEW ROAD |
| 20 May 2022 | £101,262 | £99,354 | 1 WESTWOOD COURT WESTWOOD ROAD |
| 12 May 2022 | £372,010 | £365,000 | 14 REAY NADIN DRIVE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 15 May 2012. Using an estimated price of £467,550 means this house is valued at £3,770 per sq meter (£350 per sq foot).
The average size of a house on WESTWOOD ROAD is 109 sq meters (1,180 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Reay Nadin Drive |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Westwood Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Westwood Road |
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Westwood Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Longmore Close |