£114,950
This estimated value is based upon the latest sale price for the house of £25,000 on 14 Dec 1998. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £25,000 | 14 Dec 1998 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 1998 the House Price Index for WEST MIDLANDS was 32.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 359.802%.Applying this 359.802% change to the original purchase price of £25,000 results in an estimated price of approximately £114,950.
| 14 Dec 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.3 | 148.6 | 359.802 % | £25,000 | £89,950 | £114,950 |
The Postcode Pricing Model uses changes in average sales price within the B67 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 | 358.555 % | £89,638 | £114,638 |
| 3 Month Average | 303.570 % | £75,892 | £100,892 |
| 6 Month Average | 328.956 % | £82,238 | £107,238 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £172,555 | £170,000 | 25 WESTFIELD ROAD |
| 19 Apr 2023 | £126,361 | £125,000 | 26 CEMETERY ROAD |
| 30 Mar 2023 | £148,903 | £147,500 | 51 WESTFIELD ROAD |
| 10 May 2022 | £135,554 | £133,000 | 53 WESTFIELD ROAD |
| 29 Apr 2022 | £187,423 | £182,000 | 36 PARKES STREET |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 18 Sep 2014. Using an estimated price of £114,951 means this house is valued at £1,138 per sq meter (£105 per sq foot).
The average size of a house on WESTFIELD ROAD is 94 sq meters (1,014 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Westfield Road |
| Mar 2024 | Possession of weapons | Under investigation | On or near Westfield Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Westfield Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Westfield Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Westfield Road |