£1,043,442
This estimated value is based upon the latest sale price for the house of £850,000 on 14 Apr 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £850,000 | 14 Apr 2020 |
| Detached |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 April 2020 the House Price Index for WEST MIDLANDS was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £850,000 results in an estimated price of approximately £1,043,442.
| 14 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £850,000 | £193,442 | £1,043,442 |
The Postcode Pricing Model uses changes in average sales price within the DY9 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 | 18.115 % | £153,973 | £1,003,973 |
| 3 Month Average | -0.775 % | £-6,584 | £843,415 |
| 6 Month Average | 8.291 % | £70,472 | £920,472 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £688,807 | £680,000 | 35 STUARTS GREEN |
| 23 Aug 2023 | £667,843 | £662,000 | 29 FERNDALE PARK |
| 14 Jun 2023 | £784,553 | £775,050 | 16 BROMWICH LANE |
| 14 Apr 2023 | £435,691 | £431,000 | 346 HAGLEY ROAD |
| 9 Jun 2022 | £603,529 | £595,000 | 330 HAGLEY ROAD |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 10 Dec 2019. Using an estimated price of £1,043,442 means this house is valued at £6,210 per sq meter (£577 per sq foot).
The average size of a house on BROMWICH LANE is 327 sq meters (3,522 sq feet).
This house is the smallest in the street with a floor area of 168 sq meters (1,808 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferndale Park |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Ferndale Park |
| Mar 2024 | Burglary | Under investigation | On or near The Meadows |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Prince Mews |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Prince Mews |