£246,973
This estimated value is based upon the latest sale price for the house of £200,000 on 21 Sep 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £200,000 | 21 Sep 2018 |
| £134,500 | 1 Jun 2007 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 September 2018 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £200,000 results in an estimated price of approximately £246,973.
| 21 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £200,000 | £46,973 | £246,973 |
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 | -10.036 % | £-20,071 | £179,928 |
| 3 Month Average | -1.222 % | £-2,444 | £197,555 |
| 6 Month Average | 17.099 % | £34,197 | £234,197 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £247,159 | £243,500 | 56 BURNS ROAD |
| 7 Sep 2023 | £435,569 | £430,000 | 34 CHURCH LANE |
| 21 Aug 2023 | £201,765 | £200,000 | 27 BURNS ROAD |
| 20 Jul 2023 | £223,001 | £220,000 | 44 BURNS ROAD |
| 15 Jun 2023 | £217,636 | £215,000 | 36 BURNS ROAD |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 12 Mar 2018. Using an estimated price of £246,973 means this house is valued at £2,469 per sq meter (£229 per sq foot).
The average size of a house on BURNS ROAD is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Burns Road |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Burns Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Burns Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Burns Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Grenville Avenue |