£243,751
This estimated value is based upon the latest sale price for the house of £185,000 on 30 Nov 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £185,000 | 30 Nov 2016 |
| £44,500 | 21 Nov 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2016 the House Price Index for WEST MIDLANDS was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £185,000 results in an estimated price of approximately £243,751.
| 30 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £185,000 | £58,751 | £243,751 |
The Postcode Pricing Model uses changes in average sales price within the CV1 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 | 232.501 % | £430,125 | £615,125 |
| 3 Month Average | 41.179 % | £76,181 | £261,181 |
| 6 Month Average | 14.863 % | £27,496 | £212,496 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £152,046 | £150,000 | 25 SOMERSET ROAD |
| 2 Jun 2023 | £141,717 | £140,000 | 77 SOMERSET ROAD |
| 27 May 2022 | £191,610 | £188,000 | 54 NEWFIELD ROAD |
| 26 Apr 2022 | £133,874 | £130,000 | 45 SOMERSET ROAD |
| 28 Feb 2022 | £133,709 | £127,500 | 29 DORSET ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 8 Aug 2013. Using an estimated price of £243,752 means this house is valued at £2,512 per sq meter (£233 per sq foot).
The average size of a house on NEWFIELD ROAD is 101 sq meters (1,088 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newfield Road |
| Jan 2024 | Other crime | Under investigation | On or near Newfield Road |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Newfield Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Newfield Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newfield Road |