£323,424
This estimated value is based upon the latest sale price for the house of £260,000 on 22 Jun 2018. 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 Greenhill Road
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| Price Paid | Date |
|---|---|
| £260,000 | 22 Jun 2018 |
| £225,000 | 15 Jan 2010 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 June 2018 the House Price Index for WEST MIDLANDS was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £260,000 results in an estimated price of approximately £323,424.
| 22 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £260,000 | £63,424 | £323,424 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 12.402 % | £32,246 | £292,246 |
| 3 Month Average | 9.195 % | £23,907 | £283,907 |
| 6 Month Average | 27.786 % | £72,242 | £332,242 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £325,000 | £325,000 | 27 SPRINGFIELD DRIVE |
| 29 Dec 2023 | £247,327 | £243,000 | 1 SPRINGFIELD ROAD |
| 7 Jun 2023 | £87,055 | £86,000 | 243 LONG LANE |
| 23 Jan 2023 | £138,348 | £139,000 | 261 LONG LANE |
| 11 Jul 2022 | £290,783 | £290,000 | 231A LONG LANE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 3 Nov 2017. Using an estimated price of £323,425 means this house is valued at £2,651 per sq meter (£246 per sq foot).
The average size of a house on GREENHILL ROAD is 106 sq meters (1,147 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Under investigation | On or near Greenhill Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Greenhill Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Springfield Drive |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Springfield Drive |
| Dec 2023 | Drugs | Unable to prosecute suspect | On or near Springfield Drive |