£325,048
This estimated value is based upon the latest sale price for the house of £263,500 on 13 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Margaret Road
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| Price Paid | Date |
|---|---|
| £263,500 | 13 Dec 2018 |
| £160,000 | 21 Nov 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £263,500 results in an estimated price of approximately £325,048.
| 13 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £263,500 | £61,548 | £325,048 |
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 | -26.200 % | £-69,037 | £194,462 |
| 3 Month Average | 19.136 % | £50,422 | £313,922 |
| 6 Month Average | 16.900 % | £44,530 | £308,030 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £272,383 | £270,000 | 15 GEORGE ROAD |
| 8 Aug 2023 | £191,677 | £190,000 | 77 ELIZABETH ROAD |
| 4 Nov 2022 | £281,589 | £285,000 | 85 ELIZABETH ROAD |
| 17 Aug 2022 | £329,114 | £330,000 | 42 GEORGE ROAD |
| 30 Jun 2022 | £243,440 | £240,000 | 5 GEORGE ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 31 Aug 2018. Using an estimated price of £325,048 means this house is valued at £3,611 per sq meter (£335 per sq foot).
The average size of a house on GEORGE ROAD is 78 sq meters (843 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Margaret Road |
| Feb 2024 | Burglary | Under investigation | On or near Margaret Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Margaret Road |
| Mar 2024 | Shoplifting | Investigation complete; no suspect identified | On or near George Road |
| Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near George Road |