£226,122
This estimated value is based upon the latest sale price for the house of £70,000 on 31 Oct 2001. 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 Macaulay Road
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| Price Paid | Date |
|---|---|
| £70,000 | 31 Oct 2001 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2001 the House Price Index for WEST MIDLANDS was 45.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 223.032%.Applying this 223.032% change to the original purchase price of £70,000 results in an estimated price of approximately £226,122.
| 31 Oct 2001 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 148.0 | 223.032 % | £70,000 | £156,122 | £226,122 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 239.905 % | £167,933 | £237,933 |
| 3 Month Average | 213.932 % | £149,752 | £219,752 |
| 6 Month Average | 232.065 % | £162,445 | £232,445 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Aug 2023 | £237,444 | £236,000 | 70 HERMITAGE ROAD |
| 4 Aug 2023 | £184,120 | £183,000 | 23 MACAULAY ROAD |
| 31 Mar 2023 | £173,437 | £172,500 | 124 HERMITAGE ROAD |
| 27 Mar 2023 | £191,033 | £190,000 | 25 MACAULAY ROAD |
| 15 Mar 2023 | £238,288 | £237,000 | 46 NEWEY ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 1 Nov 2013. Using an estimated price of £226,122 means this house is valued at £2,757 per sq meter (£256 per sq foot).
The average size of a house on HERMITAGE ROAD is 92 sq meters (994 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Macaulay Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Macaulay Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Macaulay Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newey Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Newey Road |