£430,826
This estimated value is based upon the latest sale price for the house of £249,950 on 16 Dec 2011. 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 Royal Oak Road
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Price Paid | Date |
---|---|
£249,950 | 16 Dec 2011 |
£83,500 | 1 Oct 1998 |
Semi-Detached |
Freehold |
Floor Area: 126 sq meters or 1,363 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 December 2011 the House Price Index for WEST MIDLANDS was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £249,950 results in an estimated price of approximately £430,826.
16 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 148.6 | 72.365 % | £249,950 | £180,876 | £430,826 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 19.110 % | £47,765 | £297,715 |
3 Month Average | 40.735 % | £101,817 | £351,767 |
6 Month Average | 59.313 % | £148,251 | £398,201 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Dec 2023 | £320,610 | £315,000 | 36 CARTERS LANE |
8 Feb 2023 | £429,711 | £430,000 | 20 ROYAL OAK ROAD |
3 Feb 2023 | £379,744 | £380,000 | 22 STUART ROAD |
12 Jan 2023 | £398,125 | £400,000 | 47 STUART ROAD |
23 Aug 2022 | £448,293 | £449,500 | 36 ROYAL OAK ROAD |
This house has a floor area of 126 sq meters or 1,363 sq feet when measured on 3 Sep 2011. Using an estimated price of £430,826 means this house is valued at £3,400 per sq meter (£315 per sq foot).
The average size of a house on ROYAL OAK ROAD is 131 sq meters (1,410 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Royal Oak Road |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Carter'S Lane |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Carter'S Lane |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Carter'S Lane |
Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bourne Avenue |