£301,357
This estimated value is based upon the latest sale price for the house of £242,500 on 12 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£242,500 | 12 Dec 2018 |
£190,000 | 5 Nov 2015 |
£162,500 | 31 Oct 2008 |
Semi-Detached |
Freehold |
Floor Area: 106 sq meters or 1,140 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £242,500 results in an estimated price of approximately £301,357.
12 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.5 | 149.7 | 24.271 % | £242,500 | £58,857 | £301,357 |
The Postcode Pricing Model uses changes in average sales price within the B68 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 | 11.922 % | £28,911 | £271,411 |
3 Month Average | 30.227 % | £73,300 | £315,800 |
6 Month Average | 28.870 % | £70,009 | £312,509 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 May 2024 | £275,000 | £275,000 | 97 FOREST ROAD |
22 Mar 2024 | £309,759 | £305,000 | 4 ELM CROFT |
14 Apr 2023 | £254,765 | £250,000 | 27 ELM CROFT |
22 Nov 2022 | £298,604 | £300,000 | 93 FOREST ROAD |
21 Nov 2022 | £248,836 | £250,000 | THE ELMS ELM CROFT |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 10 Nov 2018. Using an estimated price of £301,357 means this house is valued at £2,842 per sq meter (£264 per sq foot).
The average size of a house on FOREST ROAD is 109 sq meters (1,173 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Violence and sexual offences | Under investigation | On or near Forest Road |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Forest Road |
May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oak Road |
May 2024 | Violence and sexual offences | Under investigation | On or near Elm Croft |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cedar Close |