£808,447
This estimated value is based upon the latest sale price for the house of £499,999 on 20 Dec 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Vernon Road
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| Price Paid | Date |
|---|---|
| £499,999 | 20 Dec 2013 |
| Terraced |
| Freehold |
| Floor Area: 164 sq meters or 1,767 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 December 2013 the House Price Index for WEST MIDLANDS was 92.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 61.690%.Applying this 61.690% change to the original purchase price of £499,999 results in an estimated price of approximately £808,447.
| 20 Dec 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 92.6 | 149.7 | 61.690 % | £499,999 | £308,448 | £808,447 |
The Postcode Pricing Model uses changes in average sales price within the B16 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 | 27.705 % | £138,522 | £638,521 |
| 3 Month Average | 36.692 % | £183,458 | £683,457 |
| 6 Month Average | 63.824 % | £319,118 | £819,117 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £868,693 | £842,000 | 69 VERNON ROAD |
| 27 Jan 2023 | £152,909 | £152,500 | FLAT 16 MAGDALEN COURT, 1 VERNON ROAD |
| 26 Jan 2023 | £95,255 | £95,000 | FLAT 12A 70 MARINER AVENUE |
| 15 Sep 2022 | £219,853 | £220,000 | FLAT 8 MONTAGUE HOUSE, 5 MONTAGUE ROAD |
| 15 Sep 2022 | £144,903 | £145,000 | FLAT 18 MONTAGUE HOUSE, 5 MONTAGUE ROAD |
This house has a floor area of 164 sq meters or 1,767 sq feet when measured on 3 Mar 2011. Using an estimated price of £808,448 means this house is valued at £4,923 per sq meter (£457 per sq foot).
The average size of a house on VERNON ROAD is 136 sq meters (1,470 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vernon Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Vernon Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Vernon Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Vernon Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Vernon Road |