£386,823
This estimated value is based upon the latest sale price for the house of £295,000 on 9 Dec 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Rowan Close
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| Price Paid | Date |
|---|---|
| £295,000 | 9 Dec 2016 |
| £249,000 | 16 Dec 2011 |
| £225,000 | 25 Feb 2005 |
| £205,500 | 6 Nov 2003 |
| £125,500 | 30 Jul 1999 |
| Detached |
| Freehold |
| Floor Area: 76 sq meters or 828 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 December 2016 the House Price Index for WEST MIDLANDS was 113.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.127%.Applying this 31.127% change to the original purchase price of £295,000 results in an estimated price of approximately £386,823.
| 9 Dec 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.3 | 148.6 | 31.127 % | £295,000 | £91,823 | £386,823 |
The Postcode Pricing Model uses changes in average sales price within the B76 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 | -6.030 % | £-17,788 | £277,211 |
| 3 Month Average | 28.335 % | £83,588 | £378,588 |
| 6 Month Average | 30.395 % | £89,664 | £384,664 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £368,221 | £365,000 | 241 WALMLEY ROAD |
| 9 Jun 2023 | £455,518 | £450,000 | 245 WALMLEY ROAD |
| 18 Mar 2022 | £440,411 | £425,000 | 28 HOLLY CLOSE |
| 29 Oct 2021 | £473,019 | £427,500 | 267 WALMLEY ROAD |
| 29 Sep 2021 | £387,933 | £360,000 | 269 WALMLEY ROAD |
This house has a floor area of 76 sq meters or 828 sq feet when measured on 24 Oct 2011. Using an estimated price of £386,824 means this house is valued at £5,026 per sq meter (£467 per sq foot).
The average size of a house on ROWAN CLOSE is 80 sq meters (865 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Awaiting court outcome | On or near Rowan Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Rowan Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Rowan Close |
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Rowan Close |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Holly Close |