£383,781
This estimated value is based upon the latest sale price for the house of £297,500 on 20 Jan 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £297,500 | 20 Jan 2017 |
| £238,000 | 27 Jun 2003 |
| £153,000 | 26 Mar 2001 |
| Detached |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 January 2017 the House Price Index for WEST MIDLANDS was 113.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 29.002%.Applying this 29.002% change to the original purchase price of £297,500 results in an estimated price of approximately £383,781.
| 20 Jan 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 146.7 | 29.002 % | £297,500 | £86,281 | £383,781 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | 14.127 % | £42,028 | £339,528 |
| 3 Month Average | 26.665 % | £79,329 | £376,829 |
| 6 Month Average | 20.122 % | £59,864 | £357,364 |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 28 Sep 2016.
The average size of a house on RICHARD ROAD is 134 sq meters (1,449 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Martin Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Norman Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Norman Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Connaught Close |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Gloucester Road |