£271,500
This estimated value is based upon the latest sale price for the house of £262,000 on 17 Mar 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 Wallace Road
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| Price Paid | Date |
|---|---|
| £262,000 | 17 Mar 2022 |
| £85,000 | 14 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 March 2022 the House Price Index for WEST MIDLANDS was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £262,000 results in an estimated price of approximately £271,500.
| 17 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 148.6 | 3.626 % | £262,000 | £9,500 | £271,500 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | -4.739 % | £-12,417 | £249,582 |
| 3 Month Average | -0.625 % | £-1,637 | £260,362 |
| 6 Month Average | 5.356 % | £14,032 | £276,032 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Mar 2023 | £285,692 | £283,000 | 53 WALLACE ROAD |
| 20 Jan 2023 | £234,396 | £235,500 | 50 CHESTERTON ROAD |
| 20 Jun 2022 | £220,111 | £217,000 | 76 WALLACE ROAD |
| 17 Mar 2022 | £271,501 | £262,000 | 48 WALLACE ROAD |
| 21 Dec 2021 | £275,344 | £257,000 | 14 WALLACE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 11 Oct 2021. Using an estimated price of £271,501 means this house is valued at £3,436 per sq meter (£319 per sq foot).
The average size of a house on WALLACE ROAD is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Wallace Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Wallace Road |
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Hardy Road |