£276,863
This estimated value is based upon the latest sale price for the house of £165,000 on 5 Jun 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £165,000 | 5 Jun 2013 |
| Semi-Detached |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 2013 the House Price Index for WEST MIDLANDS was 89.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.796%.Applying this 67.796% change to the original purchase price of £165,000 results in an estimated price of approximately £276,863.
| 5 Jun 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.2 | 149.7 | 67.796 % | £165,000 | £111,863 | £276,863 |
The Postcode Pricing Model uses changes in average sales price within the B26 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 | 41.232 % | £68,033 | £233,033 |
| 3 Month Average | 75.577 % | £124,701 | £289,701 |
| 6 Month Average | 80.994 % | £133,640 | £298,640 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 May 2024 | £300,000 | £300,000 | 24 FARNOL ROAD |
| 13 Dec 2023 | £273,401 | £265,000 | 45 VIBART ROAD |
| 1 Dec 2023 | £340,462 | £330,000 | 17 VIBART ROAD |
| 30 Nov 2023 | £271,902 | £265,000 | 73 VIBART ROAD |
| 11 Oct 2023 | £279,344 | £273,000 | 27 FARNOL ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 13 Feb 2015. Using an estimated price of £276,864 means this house is valued at £3,219 per sq meter (£299 per sq foot).
The average size of a house on FARNOL ROAD is 99 sq meters (1,070 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Vibart Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farnol Road |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Farnol Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Church Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Church Road |