£350,431
This estimated value is based upon the latest sale price for the house of £235,000 on 28 Nov 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £235,000 | 28 Nov 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 143 sq meters or 1,539 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 2014 the House Price Index for WEST MIDLANDS was 99.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 49.120%.Applying this 49.120% change to the original purchase price of £235,000 results in an estimated price of approximately £350,431.
| 28 Nov 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.0 | 49.120 % | £235,000 | £115,431 | £350,431 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | 72.831 % | £171,152 | £406,152 |
| 3 Month Average | 44.565 % | £104,728 | £339,728 |
| 6 Month Average | 34.419 % | £80,884 | £315,884 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £345,771 | £342,500 | 22 GREEN LANES |
| 20 Jan 2023 | £354,387 | £357,500 | 48 FLORENCE ROAD |
| 1 Jul 2022 | £269,885 | £270,250 | 5 LIME GROVE |
| 3 May 2022 | £431,413 | £425,000 | 11 BROADFIELDS ROAD |
| 14 Feb 2022 | £477,841 | £457,500 | 15 BROADFIELDS ROAD |
This house has a floor area of 143 sq meters or 1,539 sq feet when measured on 12 Mar 2015. Using an estimated price of £350,431 means this house is valued at £2,450 per sq meter (£227 per sq foot).
The average size of a house on FLORENCE ROAD is 125 sq meters (1,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Lime Grove |
| Apr 2024 | Vehicle crime | Under investigation | On or near Lime Grove |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lime Grove |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lime Grove |
| Mar 2024 | Drugs | Awaiting court outcome | On or near Lime Grove |