£153,214
This estimated value is based upon the latest sale price for the house of £64,950 on 9 May 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £64,950 | 9 May 2003 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 May 2003 the House Price Index for WEST MIDLANDS was 62.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 135.895%.Applying this 135.895% change to the original purchase price of £64,950 results in an estimated price of approximately £153,214.
| 9 May 2003 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.7 | 148.0 | 135.895 % | £64,950 | £88,264 | £153,214 |
The Postcode Pricing Model uses changes in average sales price within the B64 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 | 132.789 % | £86,246 | £151,196 |
| 3 Month Average | 103.172 % | £67,010 | £131,960 |
| 6 Month Average | 129.834 % | £84,327 | £149,277 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £176,071 | £175,000 | 12 VICTORIA ROAD |
| 21 Aug 2023 | £166,010 | £165,000 | 40 VICTORIA ROAD |
| 29 Jun 2023 | £106,866 | £106,000 | 49 BEST STREET |
| 28 Feb 2022 | £261,115 | £250,000 | 3 MILLENNIUM GARDENS |
| 29 Nov 2021 | £199,272 | £185,000 | 8 MILLENNIUM GARDENS |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 13 Oct 2015. Using an estimated price of £153,214 means this house is valued at £2,070 per sq meter (£192 per sq foot).
The average size of a house on VICTORIA ROAD is 89 sq meters (962 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Victoria Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Victoria Road |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Victoria Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Millennium Gardens |
| Feb 2024 | Anti-social behaviour | On or near Millennium Gardens |