£409,080
This estimated value is based upon the latest sale price for the house of £325,000 on 16 Feb 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £325,000 | 16 Feb 2018 |
| £89,000 | 29 Feb 1996 |
| Detached |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 February 2018 the House Price Index for WEST MIDLANDS was 118.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.871%.Applying this 25.871% change to the original purchase price of £325,000 results in an estimated price of approximately £409,080.
| 16 Feb 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.9 | 149.7 | 25.871 % | £325,000 | £84,080 | £409,080 |
The Postcode Pricing Model uses changes in average sales price within the WS4 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 | 13.350 % | £43,386 | £368,386 |
| 3 Month Average | 26.230 % | £85,247 | £410,247 |
| 6 Month Average | 24.533 % | £79,731 | £404,731 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £505,534 | £490,000 | 79 CAMERON ROAD |
| 21 Jun 2023 | £413,282 | £405,000 | 15 FERNLEIGH ROAD |
| 12 Aug 2022 | £324,015 | £322,500 | 2 STENCILLS DRIVE |
| 30 Sep 2021 | £309,387 | £285,000 | 27 ARGYLE ROAD |
| 24 Jan 2021 | £186,838 | £162,500 | APARTMENT 26 MELLISH PARK, 84 MELLISH ROAD |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 6 Mar 2013. Using an estimated price of £409,081 means this house is valued at £2,943 per sq meter (£273 per sq foot).
The average size of a house on FERNLEIGH ROAD is 111 sq meters (1,204 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Fernleigh Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Homestead Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Homestead Close |
| Jul 2024 | Drugs | Under investigation | On or near Homestead Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stencills Drive |