£187,544
This estimated value is based upon the latest sale price for the house of £120,000 on 22 Nov 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Farmer Road
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| Price Paid | Date |
|---|---|
| £120,000 | 22 Nov 2007 |
| £110,000 | 15 Aug 2005 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2007 the House Price Index for WEST MIDLANDS was 95.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.287%.Applying this 56.287% change to the original purchase price of £120,000 results in an estimated price of approximately £187,544.
| 22 Nov 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 149.7 | 56.287 % | £120,000 | £67,544 | £187,544 |
The Postcode Pricing Model uses changes in average sales price within the B10 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 | 80.501 % | £96,601 | £216,601 |
| 3 Month Average | 60.868 % | £73,041 | £193,041 |
| 6 Month Average | 43.510 % | £52,211 | £172,211 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Jul 2024 | £140,000 | £140,000 | 58 HEYBARNES ROAD |
| 20 Dec 2023 | £164,041 | £159,000 | 53 FARMER ROAD |
| 14 Jun 2023 | £102,045 | £100,000 | 300 SOMERVILLE ROAD |
| 3 Aug 2022 | £175,822 | £175,000 | 328 SOMERVILLE ROAD |
| 18 Mar 2022 | £198,347 | £190,000 | 27 HEYBARNES ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 18 Nov 2015. Using an estimated price of £187,544 means this house is valued at £2,467 per sq meter (£229 per sq foot).
The average size of a house on SOMERVILLE ROAD is 104 sq meters (1,121 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Farmer Road |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Farmer Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farmer Road |
| Sep 2024 | Drugs | Local resolution | On or near Farmer Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Farmer Road |