£108,391
This estimated value is based upon the latest sale price for the house of £70,000 on 19 Jun 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £70,000 | 19 Jun 2014 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 June 2014 the House Price Index for WEST MIDLANDS was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £70,000 results in an estimated price of approximately £108,391.
| 19 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £70,000 | £38,391 | £108,391 |
The Postcode Pricing Model uses changes in average sales price within the B67 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 | 55.780 % | £39,046 | £109,046 |
| 3 Month Average | 74.788 % | £52,351 | £122,351 |
| 6 Month Average | 70.360 % | £49,252 | £119,252 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 May 2024 | £152,000 | £152,000 | 9 CEMETERY ROAD |
| 25 Oct 2023 | £101,812 | £99,500 | 7 PARK AVENUE |
| 19 Apr 2023 | £127,383 | £125,000 | 26 CEMETERY ROAD |
| 14 Apr 2023 | £178,336 | £175,000 | 24 CEMETERY ROAD |
| 30 Mar 2023 | £150,005 | £147,500 | 51 WESTFIELD ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 16 Apr 2019. Using an estimated price of £108,392 means this house is valued at £1,445 per sq meter (£134 per sq foot).
The average size of a house on PARKES STREET is 80 sq meters (865 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Parkes Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parkes Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parkes Street |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Further/Higher Educational Building |
| Oct 2024 | Drugs | Local resolution | On or near Westfield Road |