£250,543
This estimated value is based upon the latest sale price for the house of £240,000 on 31 Mar 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £240,000 | 31 Mar 2022 |
| £72,000 | 3 Dec 1999 |
| £51,000 | 3 Apr 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 61 sq meters or 656 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 March 2022 the House Price Index for WEST MIDLANDS was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £240,000 results in an estimated price of approximately £250,543.
| 31 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £240,000 | £10,543 | £250,543 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | 32.860 % | £78,864 | £318,864 |
| 3 Month Average | 25.611 % | £61,465 | £301,465 |
| 6 Month Average | 18.506 % | £44,414 | £284,414 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 May 2024 | £237,500 | £237,500 | 42 LONG MYND ROAD |
| 10 May 2024 | £372,500 | £372,500 | 22 CLUN ROAD |
| 16 Apr 2024 | £226,971 | £225,000 | 70 LONG MYND ROAD |
| 12 Dec 2023 | £268,243 | £260,000 | 15 VERBENA ROAD |
| 1 Dec 2023 | £299,194 | £290,000 | 26 VERBENA ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 26 Sep 2014. Using an estimated price of £250,544 means this house is valued at £4,107 per sq meter (£381 per sq foot).
The average size of a house on PAXFORD WAY is 115 sq meters (1,240 sq feet).
This house is the smallest in the street with a floor area of 61 sq meters (656 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spiceland Road |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spiceland Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spiceland Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spiceland Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spiceland Road |