£208,650
This estimated value is based upon the latest sale price for the house of £197,500 on 14 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£197,500 | 14 Feb 2022 |
£47,000 | 29 Mar 1996 |
Terraced |
Freehold |
Floor Area: 102 sq meters or 1,097 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 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £197,500 results in an estimated price of approximately £208,650.
14 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
141.7 | 149.7 | 5.646 % | £197,500 | £11,150 | £208,650 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 4.872 % | £9,621 | £207,121 |
3 Month Average | 0.882 % | £1,742 | £199,242 |
6 Month Average | 4.413 % | £8,716 | £206,216 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £214,594 | £208,000 | 2 ELY CLOSE |
20 Nov 2023 | £235,990 | £230,000 | 12 BARROW CLOSE |
29 Sep 2023 | £260,748 | £255,000 | 7 HEXBY CLOSE |
11 Aug 2023 | £249,500 | £245,000 | 5 BARROW CLOSE |
8 Aug 2023 | £173,632 | £170,500 | 29 BARROW CLOSE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 14 Apr 2021. Using an estimated price of £208,650 means this house is valued at £2,045 per sq meter (£190 per sq foot).
The average size of a house on FARBER ROAD is 112 sq meters (1,212 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Barrow Close |
May 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hexby Close |
Apr 2024 | Anti-social behaviour | On or near Gibbs Close | |
Apr 2024 | Anti-social behaviour | On or near Gibbs Close | |
Apr 2024 | Anti-social behaviour | On or near Gibbs Close |