£181,532
This estimated value is based upon the latest sale price for the house of £97,000 on 21 Feb 2005. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £97,000 | 21 Feb 2005 |
| £37,950 | 18 Aug 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 39 sq meters or 428 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 2005 the House Price Index for WEST MIDLANDS was 79.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 87.147%.Applying this 87.147% change to the original purchase price of £97,000 results in an estimated price of approximately £181,532.
| 21 Feb 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 148.6 | 87.147 % | £97,000 | £84,532 | £181,532 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | 42.603 % | £41,324 | £138,324 |
| 3 Month Average | 28.785 % | £27,921 | £124,921 |
| 6 Month Average | 62.675 % | £60,795 | £157,795 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £220,000 | £220,000 | 7 PEMBROKE WAY |
| 21 Dec 2023 | £136,386 | £134,000 | 41 GREEN HILL WAY |
| 26 Jul 2023 | £126,705 | £125,000 | 16 PEMBROKE WAY |
| 27 Jun 2023 | £88,573 | £87,500 | FLAT 27 OAK TREE COURT, 15 PEMBROKE WAY |
| 10 Feb 2023 | £284,808 | £285,000 | 38 GREEN HILL WAY |
This house has a floor area of 39 sq meters or 428 sq feet when measured on 9 Nov 2010. Using an estimated price of £181,533 means this house is valued at £4,561 per sq meter (£423 per sq foot).
The average size of a house on PEMBROKE WAY is 51 sq meters (556 sq feet).