£274,678
This estimated value is based upon the latest sale price for the house of £260,000 on 25 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £260,000 | 25 Feb 2022 |
| £144,000 | 1 Feb 2013 |
| £140,000 | 12 Dec 2003 |
| £59,000 | 8 Aug 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 February 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £260,000 results in an estimated price of approximately £274,678.
| 25 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £260,000 | £14,678 | £274,678 |
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 | -21.397 % | £-55,632 | £204,367 |
| 3 Month Average | 7.407 % | £19,258 | £279,258 |
| 6 Month Average | 5.000 % | £13,000 | £273,000 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £297,553 | £290,000 | 30 OLORENSHAW ROAD |
| 9 Aug 2023 | £333,006 | £327,000 | 40 ARDEN OAK ROAD |
| 12 Jun 2023 | £285,726 | £280,000 | 12 MARIAN CROFT |
| 31 Mar 2023 | £162,717 | £160,000 | 7 GILLMAN CLOSE |
| 17 Mar 2023 | £259,331 | £255,000 | 52 ARDEN OAK ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 8 Oct 2021. Using an estimated price of £274,679 means this house is valued at £3,476 per sq meter (£323 per sq foot).
The average size of a house on OLORENSHAW ROAD is 95 sq meters (1,033 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Olorenshaw Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gillman Close |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ann Croft |
| Jun 2024 | Drugs | Local resolution | On or near The Glade |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Glade |