£484,110
This estimated value is based upon the latest sale price for the house of £155,000 on 25 Jan 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £155,000 | 25 Jan 2002 |
| Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 January 2002 the House Price Index for WEST MIDLANDS was 47.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 212.329%.Applying this 212.329% change to the original purchase price of £155,000 results in an estimated price of approximately £484,110.
| 25 Jan 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 47.6 | 148.6 | 212.329 % | £155,000 | £329,110 | £484,110 |
The Postcode Pricing Model uses changes in average sales price within the B29 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 | 278.593 % | £431,819 | £586,819 |
| 3 Month Average | 195.165 % | £302,506 | £457,506 |
| 6 Month Average | 236.979 % | £367,317 | £522,317 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jul 2023 | £480,467 | £474,000 | 6 MIDDLE PARK ROAD |
| 22 Nov 2022 | £345,811 | £350,000 | 42 WITHERFORD WAY |
| 1 Nov 2022 | £424,854 | £430,000 | 24 WITHERFORD WAY |
| 6 Jul 2022 | £330,891 | £330,000 | 38 WITHERFORD WAY |
| 26 May 2022 | £433,162 | £425,000 | 4 WITHERFORD WAY |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 1 Nov 2013. Using an estimated price of £484,110 means this house is valued at £5,262 per sq meter (£488 per sq foot).
The average size of a house on MIDDLE PARK ROAD is 127 sq meters (1,370 sq feet).