£194,238
This estimated value is based upon the latest sale price for the house of £155,000 on 15 Jun 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £155,000 | 15 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 June 2018 the House Price Index for WEST MIDLANDS was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £155,000 results in an estimated price of approximately £194,238.
| 15 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £155,000 | £39,238 | £194,238 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 5.368 % | £8,319 | £163,319 |
| 3 Month Average | 27.666 % | £42,882 | £197,882 |
| 6 Month Average | 24.222 % | £37,543 | £192,543 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Sep 2023 | £243,365 | £238,000 | 95 MORRIS AVENUE |
| 14 Aug 2023 | £240,335 | £236,000 | 70 HERMITAGE ROAD |
| 4 Aug 2023 | £186,361 | £183,000 | 23 MACAULAY ROAD |
| 31 Mar 2023 | £175,430 | £172,500 | 124 HERMITAGE ROAD |
| 27 Mar 2023 | £193,227 | £190,000 | 25 MACAULAY ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 2 Nov 2017. Using an estimated price of £194,238 means this house is valued at £2,490 per sq meter (£231 per sq foot).
The average size of a house on MACAULAY ROAD is 89 sq meters (960 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Macaulay Road | |
| Aug 2024 | Anti-social behaviour | On or near Macaulay Road | |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Macdonald Road |
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hermitage Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hermitage Road |