£430,013
This estimated value is based upon the latest sale price for the house of £416,800 on 1 Dec 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £416,800 | 1 Dec 2023 |
| £365,000 | 9 Aug 2019 |
| £290,000 | 3 May 2016 |
| £169,000 | 21 Feb 2003 |
| £60,000 | 16 Aug 1995 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 2023 the House Price Index for WEST MIDLANDS was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £416,800 results in an estimated price of approximately £430,013.
| 1 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £416,800 | £13,213 | £430,013 |
The Postcode Pricing Model uses changes in average sales price within the B30 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 | -30.396 % | £-126,691 | £290,108 |
| 3 Month Average | 20.617 % | £85,929 | £502,729 |
| 6 Month Average | 12.830 % | £53,476 | £470,276 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £378,285 | £375,000 | 54 BEAUMONT ROAD |
| 1 Dec 2023 | £430,013 | £416,800 | 28 FRANKLIN ROAD |
| 8 Sep 2023 | £456,094 | £446,040 | 37 FRANKLIN ROAD |
| 17 Feb 2023 | £352,354 | £350,000 | 23 FRANKLIN ROAD |
| 29 Nov 2022 | £383,208 | £385,000 | 35 BEAUMONT ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 17 Sep 2015. Using an estimated price of £430,013 means this house is valued at £3,981 per sq meter (£369 per sq foot).
The average size of a house on FRANKLIN ROAD is 123 sq meters (1,332 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Unable to prosecute suspect | On or near Lancaster Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lancaster Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Lancaster Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lancaster Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mary Vale Road |