£486,612
This estimated value is based upon the latest sale price for the house of £391,000 on 20 Mar 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £391,000 | 20 Mar 2019 |
| £270,000 | 16 Dec 2003 |
| Detached |
| Freehold |
| Floor Area: 128 sq meters or 1,377 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 March 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.453%.Applying this 24.453% change to the original purchase price of £391,000 results in an estimated price of approximately £486,612.
| 20 Mar 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.453 % | £391,000 | £95,612 | £486,612 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | 4.265 % | £16,674 | £407,674 |
| 3 Month Average | 0.904 % | £3,536 | £394,536 |
| 6 Month Average | 17.790 % | £69,559 | £460,559 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 May 2024 | £310,000 | £310,000 | 42 THE GREENWAY |
| 22 Apr 2024 | £235,041 | £233,000 | 12 BANNERS COURT |
| 6 Oct 2023 | £228,182 | £223,000 | 29 BANNERS COURT |
| 11 Aug 2023 | £218,949 | £215,000 | 6 BANNERS COURT |
| 1 Aug 2023 | £185,852 | £182,500 | 21 BANNERS COURT |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 11 Aug 2018. Using an estimated price of £486,612 means this house is valued at £3,801 per sq meter (£353 per sq foot).
The average size of a house on BANNERS GATE ROAD is 105 sq meters (1,131 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Banners Gate Road |
| Jul 2024 | Anti-social behaviour | On or near Banners Gate Road | |
| Jul 2024 | Anti-social behaviour | On or near Banners Gate Road | |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Banners Gate Road |
| May 2024 | Possession of weapons | Unable to prosecute suspect | On or near Banners Gate Road |