£225,403
This estimated value is based upon the latest sale price for the house of £198,000 on 14 May 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £198,000 | 14 May 2021 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 May 2021 the House Price Index for WEST MIDLANDS was 131.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 13.840%.Applying this 13.840% change to the original purchase price of £198,000 results in an estimated price of approximately £225,403.
| 14 May 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 131.5 | 149.7 | 13.840 % | £198,000 | £27,403 | £225,403 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 69.343 % | £137,298 | £335,298 |
| 3 Month Average | 18.201 % | £36,037 | £234,037 |
| 6 Month Average | 21.775 % | £43,115 | £241,115 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £460,143 | £450,000 | UNIT 10 ACORN PARK VERNON ROAD |
| 6 Feb 2023 | £148,995 | £148,000 | 42A VICARAGE ROAD |
| 22 Nov 2022 | £9,953 | £10,000 | 117 NEW JOHN STREET |
| 29 Jul 2022 | £166,670 | £165,000 | 8 LENCH CLOSE |
| 27 Jun 2022 | £177,801 | £174,000 | 166 NEW JOHN STREET |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 20 Jan 2020. Using an estimated price of £225,404 means this house is valued at £2,853 per sq meter (£265 per sq foot).
The average size of a house on NEW JOHN STREET is 85 sq meters (921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Under investigation | On or near New John Street |
| May 2024 | Anti-social behaviour | On or near New John Street | |
| May 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near New John Street |
| May 2024 | Anti-social behaviour | On or near New John Street | |
| May 2024 | Anti-social behaviour | On or near New John Street |