£135,124
This estimated value is based upon the latest sale price for the house of £109,000 on 2 Aug 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £109,000 | 2 Aug 2019 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 August 2019 the House Price Index for WEST MIDLANDS was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £109,000 results in an estimated price of approximately £135,124.
| 2 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £109,000 | £26,124 | £135,124 |
The Postcode Pricing Model uses changes in average sales price within the WV2 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 | 110.552 % | £120,501 | £229,501 |
| 3 Month Average | 21.785 % | £23,745 | £132,745 |
| 6 Month Average | 27.598 % | £30,081 | £139,081 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £146,211 | £142,500 | 84 KNOX ROAD |
| 10 Nov 2023 | £128,256 | £125,000 | 62 KNOX ROAD |
| 27 Oct 2023 | £148,370 | £145,000 | 5 KNOX ROAD |
| 8 Aug 2023 | £147,663 | £145,000 | 12 HAWTHORNE ROAD |
| 13 Apr 2023 | £163,050 | £160,000 | 389 DUDLEY ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 22 Jul 2016. Using an estimated price of £135,124 means this house is valued at £1,468 per sq meter (£136 per sq foot).
The average size of a house on RANELAGH ROAD is 93 sq meters (1,010 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Ranelagh Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ranelagh Road |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Ranelagh Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Knox Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Knox Road |