£128,615
This estimated value is based upon the latest sale price for the house of £106,000 on 27 Mar 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £106,000 | 27 Mar 2020 |
| £100,000 | 4 Jul 2019 |
| £97,000 | 30 Apr 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2020 the House Price Index for WEST MIDLANDS was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £106,000 results in an estimated price of approximately £128,615.
| 27 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 149.7 | 21.335 % | £106,000 | £22,615 | £128,615 |
The Postcode Pricing Model uses changes in average sales price within the B70 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 | -88.836 % | £-94,166 | £11,833 |
| 3 Month Average | 0.942 % | £998 | £106,998 |
| 6 Month Average | 21.693 % | £22,994 | £128,994 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £244,408 | £240,000 | 7 FARLEY ROAD |
| 14 Apr 2023 | £234,384 | £230,000 | 6 FARLEY ROAD |
| 27 Mar 2023 | £216,617 | £212,999 | 16 FARLEY ROAD |
| 2 Mar 2023 | £184,074 | £181,000 | 12 WHITEHALL ROAD |
| 12 Aug 2022 | £170,799 | £170,000 | 12 GRENVILLE PLACE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 10 Feb 2019. Using an estimated price of £128,615 means this house is valued at £1,738 per sq meter (£161 per sq foot).
The average size of a house on OLDBURY ROAD is 100 sq meters (1,083 sq feet).
This house is the smallest in the street with a floor area of 74 sq meters (796 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Farley Road |
| Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Vernon Street |
| Jul 2024 | Other theft | Under investigation | On or near Vernon Street |
| Jun 2024 | Other theft | Unable to prosecute suspect | On or near Vernon Street |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Vernon Street |