£261,484
This estimated value is based upon the latest sale price for the house of £240,000 on 29 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 29 Nov 2021 |
| £158,000 | 26 Apr 2005 |
| £58,000 | 16 Nov 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 November 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £240,000 results in an estimated price of approximately £261,484.
| 29 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £240,000 | £21,484 | £261,484 |
The Postcode Pricing Model uses changes in average sales price within the B20 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 | 66.665 % | £159,995 | £399,995 |
| 3 Month Average | 7.508 % | £18,019 | £258,019 |
| 6 Month Average | 0.529 % | £1,270 | £241,270 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £175,000 | £175,000 | 164 OXHILL ROAD |
| 11 Apr 2024 | £116,007 | £115,000 | 36 GREENHILL ROAD |
| 3 Feb 2023 | £90,605 | £90,000 | 55 GREENHILL ROAD |
| 15 Jul 2022 | £129,296 | £128,000 | 117 OXHILL ROAD |
| 27 Apr 2022 | £125,528 | £121,000 | 135 OXHILL ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 11 Sep 2015. Using an estimated price of £261,485 means this house is valued at £3,581 per sq meter (£332 per sq foot).
The average size of a house on FRIARY ROAD is 120 sq meters (1,294 sq feet).