£368,599
This estimated value is based upon the latest sale price for the house of £232,450 on 28 Mar 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £232,450 | 28 Mar 2014 |
| Detached |
| Leasehold |
| Floor Area: 118 sq meters or 1,270 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 2014 the House Price Index for WEST MIDLANDS was 94.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.571%.Applying this 58.571% change to the original purchase price of £232,450 results in an estimated price of approximately £368,599.
| 28 Mar 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 149.7 | 58.571 % | £232,450 | £136,149 | £368,599 |
The Postcode Pricing Model uses changes in average sales price within the B26 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 | 86.347 % | £200,712 | £433,162 |
| 3 Month Average | 72.011 % | £167,389 | £399,839 |
| 6 Month Average | 72.884 % | £169,419 | £401,869 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £80,000 | £80,000 | FLAT 5 45 SILVERMERE ROAD |
| 31 Oct 2023 | £202,601 | £198,000 | 131 MAPLEDENE ROAD |
| 26 Oct 2023 | £194,416 | £190,000 | 137 PARKDALE ROAD |
| 24 Aug 2023 | £229,642 | £225,500 | 158 PARKDALE ROAD |
| 4 Apr 2023 | £96,811 | £95,000 | 50 MAPLEDENE ROAD |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 11 Mar 2014. Using an estimated price of £368,599 means this house is valued at £3,123 per sq meter (£290 per sq foot).
The average size of a house on SILVERMERE ROAD is 83 sq meters (893 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Silvermere Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Silvermere Road |
| Jul 2024 | Other crime | Unable to prosecute suspect | On or near Silvermere Road |
| Oct 2024 | Robbery | Under investigation | On or near Mapledene Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mapledene Road |