£649,938
This estimated value is based upon the latest sale price for the house of £118,000 on 3 Jan 1995. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Richmond Road
More crime details
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| Price Paid | Date |
|---|---|
| £118,000 | 3 Jan 1995 |
| Detached |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 January 1995 the House Price Index for WEST MIDLANDS was 26.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 450.795%.Applying this 450.795% change to the original purchase price of £118,000 results in an estimated price of approximately £649,938.
| 3 Jan 1995 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 146.7 | 450.795 % | £118,000 | £531,938 | £649,938 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | 177.559 % | £209,519 | £327,519 |
| 3 Month Average | 322.302 % | £380,316 | £498,316 |
| 6 Month Average | 311.637 % | £367,731 | £485,731 |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 14 Aug 2017.
The average size of a house on RICHMOND ROAD is 177 sq meters (1,910 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Richmond Road |
| Jan 2024 | Burglary | Unable to prosecute suspect | On or near Richmond Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Richmond Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Upper Clifton Road |