£229,832
This estimated value is based upon the latest sale price for the house of £180,000 on 21 Sep 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £180,000 | 21 Sep 2017 |
| £103,000 | 16 Jan 2004 |
| £42,500 | 19 Apr 2000 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 September 2017 the House Price Index for WEST MIDLANDS was 117.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.685%.Applying this 27.685% change to the original purchase price of £180,000 results in an estimated price of approximately £229,832.
| 21 Sep 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 149.7 | 27.685 % | £180,000 | £49,832 | £229,832 |
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 | 35.236 % | £63,425 | £243,425 |
| 3 Month Average | 28.583 % | £51,449 | £231,449 |
| 6 Month Average | 31.813 % | £57,262 | £237,262 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £184,057 | £180,000 | 55 ARCH ROAD |
| 28 Apr 2023 | £239,479 | £235,000 | 26 EDYTH ROAD |
| 26 Jul 2022 | £252,530 | £250,000 | 16 ARCH ROAD |
| 11 Feb 2022 | £237,703 | £225,000 | 37 ARCH ROAD |
| 29 Sep 2021 | £244,253 | £225,000 | 93 ARCH ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 18 May 2017. Using an estimated price of £229,833 means this house is valued at £2,419 per sq meter (£224 per sq foot).
The average size of a house on ARCH ROAD is 83 sq meters (895 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Arch Road |
| Oct 2024 | Anti-social behaviour | On or near Arch Road | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Arch Road |
| Oct 2024 | Drugs | Local resolution | On or near Arch Road |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Arch Road |