£131,211
This estimated value is based upon the latest sale price for the house of £38,000 on 4 May 2001. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £38,000 | 4 May 2001 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 May 2001 the House Price Index for WEST MIDLANDS was 43.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 245.295%.Applying this 245.295% change to the original purchase price of £38,000 results in an estimated price of approximately £131,211.
| 4 May 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 43.4 | 149.7 | 245.295 % | £38,000 | £93,211 | £131,211 |
The Postcode Pricing Model uses changes in average sales price within the B8 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 | 352.220 % | £133,843 | £171,843 |
| 3 Month Average | 278.752 % | £105,925 | £143,925 |
| 6 Month Average | 244.964 % | £93,086 | £131,086 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £137,107 | £135,000 | 48 TEALL ROAD |
| 18 Dec 2023 | £128,963 | £125,000 | 30 BERRY ROAD |
| 3 Nov 2023 | £143,646 | £140,000 | 56 HERRICK ROAD |
| 14 Apr 2023 | £105,982 | £104,000 | 14 TEALL ROAD |
| 12 Apr 2023 | £155,916 | £153,000 | 11 TEALL ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 5 Feb 2015. Using an estimated price of £131,212 means this house is valued at £1,874 per sq meter (£174 per sq foot).
The average size of a house on HERRICK ROAD is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cradock Road |
| Jun 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Cradock Road |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Cradock Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cradock Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cradock Road |