£248,692
This estimated value is based upon the latest sale price for the house of £170,000 on 30 Jun 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £170,000 | 30 Jun 2015 |
| £149,950 | 13 Apr 2007 |
| £83,000 | 14 Jan 2002 |
| £65,000 | 10 Dec 1999 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2015 the House Price Index for WEST MIDLANDS was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £170,000 results in an estimated price of approximately £248,692.
| 30 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 149.7 | 46.290 % | £170,000 | £78,692 | £248,692 |
The Postcode Pricing Model uses changes in average sales price within the CV3 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 | 31.351 % | £53,296 | £223,296 |
| 3 Month Average | 53.126 % | £90,313 | £260,313 |
| 6 Month Average | 45.591 % | £77,503 | £247,503 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Oct 2024 | £350,000 | £350,000 | 198 KENPAS HIGHWAY |
| 8 Mar 2024 | £223,433 | £220,000 | 81 ERITHWAY ROAD |
| 24 Aug 2022 | £279,306 | £278,000 | 129 ERITHWAY ROAD |
| 29 Jun 2022 | £314,728 | £308,000 | 79 CROSSWAY ROAD |
| 21 Mar 2022 | £255,764 | £245,000 | 75 ERITHWAY ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 4 Feb 2015. Using an estimated price of £248,693 means this house is valued at £3,604 per sq meter (£334 per sq foot).
The average size of a house on ERITHWAY ROAD is 78 sq meters (840 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Erithway Road |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Erithway Road |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Erithway Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Erithway Road |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Erithway Road |