£158,227
This estimated value is based upon the latest sale price for the house of £131,000 on 27 Feb 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £131,000 | 27 Feb 2020 |
| £78,000 | 19 Aug 2011 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 922 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 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 20.785%.Applying this 20.785% change to the original purchase price of £131,000 results in an estimated price of approximately £158,227.
| 27 Feb 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 146.7 | 20.785 % | £131,000 | £27,227 | £158,227 |
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 | 18.191 % | £23,829 | £154,829 |
| 3 Month Average | 12.752 % | £16,705 | £147,705 |
| 6 Month Average | 20.247 % | £26,523 | £157,523 |
This house has a floor area of 85 sq meters or 922 sq feet when measured on 9 Jun 2011.
The average size of a house on FARADAY ROAD is 89 sq meters (959 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Possession of weapons | Under investigation | On or near Faraday Road |
| Feb 2024 | Possession of weapons | Awaiting court outcome | On or near Faraday Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stephenson Avenue |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Stephenson Avenue |
| Jan 2024 | Burglary | Under investigation | On or near Stephenson Avenue |