£161,934
This estimated value is based upon the latest sale price for the house of £122,000 on 16 Nov 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £122,000 | 16 Nov 2016 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 November 2016 the House Price Index for WEST MIDLANDS was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £122,000 results in an estimated price of approximately £161,934.
| 16 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £122,000 | £39,934 | £161,934 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 35.098 % | £42,819 | £164,819 |
| 3 Month Average | 41.083 % | £50,120 | £172,120 |
| 6 Month Average | 46.593 % | £56,843 | £178,843 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £251,381 | £245,000 | 10 FARREN ROAD |
| 24 Feb 2023 | £236,580 | £235,000 | 38 FARREN ROAD |
| 23 Nov 2022 | £205,539 | £206,500 | 3 FARREN ROAD |
| 11 Oct 2022 | £218,769 | £219,500 | 70 HIPSWELL HIGHWAY |
| 4 Mar 2022 | £193,128 | £185,000 | 1 FARREN ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 2 Jun 2016. Using an estimated price of £161,934 means this house is valued at £2,453 per sq meter (£227 per sq foot).
The average size of a house on HIPSWELL HIGHWAY is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cowley Road |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Cowley Road |
| Oct 2024 | Other theft | Under investigation | On or near A4600 |
| Oct 2024 | Drugs | Under investigation | On or near A4600 |
| Oct 2024 | Violence and sexual offences | Awaiting court outcome | On or near A4600 |