£154,895
This estimated value is based upon the latest sale price for the house of £155,000 on 3 Feb 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £155,000 | 3 Feb 2023 |
| £118,000 | 8 May 2015 |
| £59,500 | 20 Jul 2001 |
| £39,500 | 18 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2023 the House Price Index for WEST MIDLANDS was 148.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.067%.Applying this -0.067% change to the original purchase price of £155,000 results in an estimated price of approximately £154,895.
| 3 Feb 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.7 | 148.6 | -0.067 % | £155,000 | £-104 | £154,895 |
The Postcode Pricing Model uses changes in average sales price within the B11 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 | 33.333 % | £51,666 | £206,666 |
| 3 Month Average | -11.714 % | £-18,156 | £136,843 |
| 6 Month Average | -11.609 % | £-17,994 | £137,005 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £156,901 | £155,000 | APARTMENT 1 2 CLIFFORD ROAD |
| 3 Feb 2023 | £154,896 | £155,000 | 48 SPRINGCROFT ROAD |
| 27 Oct 2022 | £267,124 | £270,000 | 415 REDDINGS LANE |
| 24 Oct 2022 | £202,816 | £205,000 | 419 REDDINGS LANE |
| 20 Oct 2022 | £173,136 | £175,000 | 31 LYNCROFT ROAD |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 24 Aug 2012. Using an estimated price of £154,896 means this house is valued at £2,181 per sq meter (£202 per sq foot).
The average size of a house on SPRINGCROFT ROAD is 82 sq meters (885 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springcroft Road |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Springcroft Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Springcroft Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Springcroft Road |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Springcroft Road |