£500,703
This estimated value is based upon the latest sale price for the house of £490,000 on 10 Jun 2022. 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 Institute Road
More crime details
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| Price Paid | Date |
|---|---|
| £490,000 | 10 Jun 2022 |
| Terraced |
| Freehold |
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 June 2022 the House Price Index for WEST MIDLANDS was 146.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.184%.Applying this 2.184% change to the original purchase price of £490,000 results in an estimated price of approximately £500,703.
| 10 Jun 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 149.7 | 2.184 % | £490,000 | £10,703 | £500,703 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 5.109 % | £25,034 | £515,034 |
| 3 Month Average | 2.584 % | £12,662 | £502,662 |
| 6 Month Average | 2.891 % | £14,164 | £504,164 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £346,000 | £346,000 | 57 HEATHFIELD ROAD |
| 22 Mar 2024 | £298,588 | £294,000 | 7 GOLDSMITH ROAD |
| 7 Mar 2024 | £267,104 | £263,000 | 19 HEATHFIELD ROAD |
| 23 Jun 2023 | £244,908 | £240,000 | 20 FLORENCE ROAD |
| 19 Apr 2023 | £403,548 | £396,000 | 36 HEATHFIELD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Institute Road |
| Oct 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Institute Road |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Institute Road |
| Sep 2024 | Other theft | Under investigation | On or near Florence Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Florence Road |