£161,960
This estimated value is based upon the latest sale price for the house of £65,000 on 17 Jan 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £65,000 | 17 Jan 2003 |
| £81,000 | 17 Jan 2003 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 559 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 2003 the House Price Index for WEST MIDLANDS was 60.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 149.169%.Applying this 149.169% change to the original purchase price of £65,000 results in an estimated price of approximately £161,960.
| 17 Jan 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.1 | 149.7 | 149.169 % | £65,000 | £96,960 | £161,960 |
The Postcode Pricing Model uses changes in average sales price within the B67 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 | 162.699 % | £105,754 | £170,754 |
| 3 Month Average | 167.185 % | £108,670 | £173,670 |
| 6 Month Average | 160.357 % | £104,232 | £169,232 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2023 | £195,439 | £191,000 | 106 KATHERINE ROAD |
| 11 Oct 2023 | £230,229 | £225,000 | 83 PARGETER ROAD |
| 25 Aug 2023 | £162,939 | £160,000 | 128 STANHOPE ROAD |
| 30 Jun 2023 | £221,438 | £217,000 | 94 KATHERINE ROAD |
| 19 Apr 2023 | £183,431 | £180,000 | 123 KATHERINE ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 24 Jul 2019. Using an estimated price of £161,960 means this house is valued at £3,114 per sq meter (£289 per sq foot).
The average size of a house on THIMBLEMILL ROAD is 84 sq meters (913 sq feet).