£301,090
This estimated value is based upon the latest sale price for the house of £285,000 on 18 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £285,000 | 18 Feb 2022 |
| £82,950 | 2 Jul 1999 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 February 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £285,000 results in an estimated price of approximately £301,090.
| 18 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £285,000 | £16,090 | £301,090 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | -3.922 % | £-11,178 | £273,821 |
| 3 Month Average | -11.467 % | £-32,680 | £252,319 |
| 6 Month Average | 0.613 % | £1,747 | £286,747 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £340,462 | £330,000 | 18 MALVERN ROAD |
| 14 Apr 2023 | £249,670 | £245,000 | 20 MALVERN ROAD |
| 8 Feb 2023 | £223,493 | £222,000 | 40 SHERBOURNE CRESCENT |
| 28 Jul 2022 | £252,530 | £250,000 | 346 HOLYHEAD ROAD |
| 30 Jun 2022 | £229,915 | £225,000 | 52 SHERBOURNE CRESCENT |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 26 Oct 2021. Using an estimated price of £301,090 means this house is valued at £3,763 per sq meter (£349 per sq foot).
The average size of a house on MALVERN ROAD is 100 sq meters (1,081 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Holyhead Road |
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Holyhead Road |
| Sep 2024 | Vehicle crime | Under investigation | On or near Sherbourne Crescent |
| Sep 2024 | Anti-social behaviour | On or near Sherbourne Crescent | |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sherbourne Crescent |