£121,101
This estimated value is based upon the latest sale price for the house of £100,000 on 18 Jun 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £100,000 | 18 Jun 2020 |
| £38,000 | 25 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 55 sq meters or 592 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 2020 the House Price Index for WEST MIDLANDS was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £100,000 results in an estimated price of approximately £121,101.
| 18 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £100,000 | £21,101 | £121,101 |
The Postcode Pricing Model uses changes in average sales price within the B24 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 | -40.206 % | £-40,206 | £59,793 |
| 3 Month Average | 5.576 % | £5,576 | £105,576 |
| 6 Month Average | 2.755 % | £2,754 | £102,754 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £203,005 | £200,000 | 271 HIGH STREET |
| 15 Nov 2023 | £203,005 | £200,000 | 273 HIGH STREET |
| 8 Nov 2023 | £108,608 | £107,000 | FLAT 17 AARON COURT, 36B WOOD END ROAD |
| 22 Sep 2023 | £202,590 | £200,000 | 39 SPRING HILL |
| 21 Sep 2023 | £217,785 | £215,000 | 43 SPRING HILL |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 19 Feb 2020. Using an estimated price of £121,102 means this house is valued at £2,201 per sq meter (£204 per sq foot).
The average size of a house on WOOD END ROAD is 84 sq meters (907 sq feet).