£185,266
This estimated value is based upon the latest sale price for the house of £162,000 on 12 Feb 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £162,000 | 12 Feb 2021 |
| £87,500 | 31 Jan 2020 |
| £90,000 | 8 Jan 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 February 2021 the House Price Index for WEST MIDLANDS was 130.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 14.362%.Applying this 14.362% change to the original purchase price of £162,000 results in an estimated price of approximately £185,266.
| 12 Feb 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.9 | 149.7 | 14.362 % | £162,000 | £23,266 | £185,266 |
The Postcode Pricing Model uses changes in average sales price within the B91 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 | -3.270 % | £-5,297 | £156,702 |
| 3 Month Average | -12.483 % | £-20,222 | £141,777 |
| 6 Month Average | -13.270 % | £-21,496 | £140,503 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2022 | £293,627 | £295,000 | APARTMENT 50 18 UNION ROAD |
| 14 Nov 2022 | £93,563 | £94,000 | APARTMENT 12 18 UNION ROAD |
| 1 Apr 2022 | £199,704 | £192,500 | APARTMENT 52 18 UNION ROAD |
| 11 Feb 2022 | £232,421 | £220,000 | APARTMENT 55 18 UNION ROAD |
| 12 Feb 2021 | £185,267 | £162,000 | APARTMENT 6 18 UNION ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 7 Jun 2017. Using an estimated price of £185,267 means this house is valued at £2,646 per sq meter (£245 per sq foot).
The average size of a house on UNION ROAD is 63 sq meters (679 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Union Road |
| Jul 2024 | Vehicle crime | Under investigation | On or near Union Road |
| Jun 2024 | Anti-social behaviour | On or near Union Road | |
| Jun 2024 | Anti-social behaviour | On or near Union Road | |
| Jul 2024 | Anti-social behaviour | On or near Petrol Station |