£220,704
This estimated value is based upon the latest sale price for the house of £198,000 on 29 Oct 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 Wallace Road
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| Price Paid | Date |
|---|---|
| £198,000 | 29 Oct 2021 |
| £119,000 | 15 May 2009 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 October 2021 the House Price Index for WEST MIDLANDS was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £198,000 results in an estimated price of approximately £220,704.
| 29 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £198,000 | £22,704 | £220,704 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 12.291 % | £24,336 | £222,336 |
| 3 Month Average | 11.285 % | £22,343 | £220,343 |
| 6 Month Average | 9.466 % | £18,742 | £216,742 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £182,000 | £182,000 | 24 STEVENSON ROAD |
| 25 Mar 2024 | £233,589 | £230,000 | 19 HARDY ROAD |
| 6 Oct 2023 | £255,810 | £250,000 | 58 WALLACE ROAD |
| 24 Mar 2023 | £287,806 | £283,000 | 53 WALLACE ROAD |
| 9 Jan 2023 | £201,037 | £200,500 | 84 STEVENSON ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 25 Jun 2013. Using an estimated price of £220,704 means this house is valued at £2,299 per sq meter (£213 per sq foot).
The average size of a house on WALLACE ROAD is 91 sq meters (989 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Wallace Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wallace Road |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Wallace Road |
| Jul 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Wallace Road |