£471,589
This estimated value is based upon the latest sale price for the house of £390,000 on 28 Jul 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £390,000 | 28 Jul 2020 |
| £241,000 | 22 Jun 2006 |
| £178,500 | 29 Aug 2002 |
| £112,000 | 23 Jul 1999 |
| Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 July 2020 the House Price Index for WEST MIDLANDS was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £390,000 results in an estimated price of approximately £471,589.
| 28 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £390,000 | £81,589 | £471,589 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | -50.349 % | £-196,362 | £193,637 |
| 3 Month Average | -5.406 % | £-21,081 | £368,918 |
| 6 Month Average | 13.827 % | £53,924 | £443,924 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Nov 2023 | £502,439 | £495,000 | 382 CLARENCE ROAD |
| 9 Jun 2023 | £455,518 | £450,000 | 16 VERNON CLOSE |
| 26 Aug 2022 | £723,054 | £725,000 | 165 ROSEMARY HILL ROAD |
| 1 Apr 2022 | £463,410 | £450,000 | 388 CLARENCE ROAD |
| 28 Sep 2021 | £441,813 | £410,000 | 19 BICKLEY AVENUE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 4 Jun 2014. Using an estimated price of £471,589 means this house is valued at £3,897 per sq meter (£362 per sq foot).
The average size of a house on VERNON CLOSE is 123 sq meters (1,328 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Vernon Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Vernon Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Regency Walk |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rosemary Nook |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Little Aston Lane |