£178,243
This estimated value is based upon the latest sale price for the house of £103,000 on 5 Apr 2006. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £103,000 | 5 Apr 2006 |
| £49,950 | 14 Sep 2000 |
| £46,312 | 12 Feb 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 53 sq meters or 570 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 April 2006 the House Price Index for WEST MIDLANDS was 84.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 73.052%.Applying this 73.052% change to the original purchase price of £103,000 results in an estimated price of approximately £178,243.
| 5 Apr 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.8 | 146.7 | 73.052 % | £103,000 | £75,243 | £178,243 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | 46.332 % | £47,721 | £150,721 |
| 3 Month Average | 41.447 % | £42,690 | £145,690 |
| 6 Month Average | 52.564 % | £54,140 | £157,140 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £228,070 | £225,000 | 32 LUDLOW LANE |
| 12 Jul 2021 | £281,570 | £245,000 | 39 LUDLOW LANE |
| 17 Jul 2020 | £171,707 | £142,000 | 25 RED RIVER ROAD |
| 14 Jun 2019 | £62,516 | £50,600 | 139 EDISON ROAD |
| 12 Dec 2018 | £191,205 | £155,000 | 4 PERCH ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 10 Apr 2018.
The average size of a house on BALMORAL WAY is 62 sq meters (676 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Balmoral Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Norfolk New Road |