£518,463
This estimated value is based upon the latest sale price for the house of £515,000 on 13 Feb 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Homer Road
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| Price Paid | Date |
|---|---|
| £515,000 | 13 Feb 2023 |
| £352,500 | 30 Mar 2016 |
| £352,500 | 30 Mar 2016 |
| £280,000 | 19 Mar 2010 |
| Detached |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 2023 the House Price Index for WEST MIDLANDS was 148.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.672%.Applying this 0.672% change to the original purchase price of £515,000 results in an estimated price of approximately £518,463.
| 13 Feb 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 149.7 | 0.672 % | £515,000 | £3,463 | £518,463 |
The Postcode Pricing Model uses changes in average sales price within the B75 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 | -6.425 % | £-33,090 | £481,909 |
| 3 Month Average | 15.624 % | £80,462 | £595,462 |
| 6 Month Average | 4.256 % | £21,915 | £536,915 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £338,595 | £330,000 | 37 ROUGHLEY DRIVE |
| 11 Aug 2023 | £473,541 | £465,000 | 1 STREATHER ROAD |
| 9 Jun 2023 | £169,395 | £166,000 | 35 LITTLE SUTTON ROAD |
| 28 Feb 2023 | £417,791 | £415,000 | 2 HOMER ROAD |
| 13 Feb 2023 | £518,463 | £515,000 | 22 LITTLE SUTTON ROAD |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 1 Oct 2018. Using an estimated price of £518,463 means this house is valued at £4,756 per sq meter (£441 per sq foot).
The average size of a house on LITTLE SUTTON ROAD is 135 sq meters (1,459 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Homer Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Homer Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Homer Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Homer Road |
| Oct 2024 | Other theft | Under investigation | On or near Streather Road |