£246,967
This estimated value is based upon the latest sale price for the house of £227,500 on 10 Sep 2021. 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 Richmond Street
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| Price Paid | Date |
|---|---|
| £227,500 | 10 Sep 2021 |
| £45,000 | 1 Mar 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 September 2021 the House Price Index for WEST MIDLANDS was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £227,500 results in an estimated price of approximately £246,967.
| 10 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £227,500 | £19,467 | £246,967 |
The Postcode Pricing Model uses changes in average sales price within the B63 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 | 9.654 % | £21,962 | £249,462 |
| 3 Month Average | 6.175 % | £14,047 | £241,547 |
| 6 Month Average | 9.504 % | £21,621 | £249,121 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £107,878 | £105,500 | 108 STOURBRIDGE ROAD |
| 31 Aug 2023 | £213,857 | £210,000 | 73 WINDSOR ROAD |
| 29 Aug 2023 | £208,765 | £205,000 | 2 REGENT CLOSE |
| 29 Aug 2023 | £229,133 | £225,000 | 27 WINDSOR ROAD |
| 18 Aug 2023 | £259,684 | £255,000 | 8 HIGH LEASOWES |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 11 Jun 2021. Using an estimated price of £246,967 means this house is valued at £2,975 per sq meter (£276 per sq foot).
The average size of a house on RICHMOND STREET is 90 sq meters (972 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Richmond Street |
| Sep 2024 | Anti-social behaviour | On or near Richmond Street | |
| Sep 2024 | Anti-social behaviour | On or near Richmond Street | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Street |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Richmond Street |