£61,394
This estimated value is based upon the latest sale price for the house of £60,000 on 31 Oct 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £60,000 | 31 Oct 2023 |
| £72,000 | 15 Dec 2006 |
| £33,250 | 1 Feb 2002 |
| £29,000 | 15 Nov 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 2023 the House Price Index for WEST MIDLANDS was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £60,000 results in an estimated price of approximately £61,394.
| 31 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £60,000 | £1,394 | £61,394 |
The Postcode Pricing Model uses changes in average sales price within the WS10 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 | -28.413 % | £-17,047 | £42,952 |
| 3 Month Average | -26.585 % | £-15,950 | £44,049 |
| 6 Month Average | -11.870 % | £-7,122 | £52,877 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £253,901 | £250,000 | 4 PARKDALE AVENUE |
| 23 Nov 2023 | £185,714 | £181,000 | 29 HOBS ROAD |
| 31 Oct 2023 | £61,394 | £60,000 | 6 PARKDALE COURT HOBS ROAD |
| 27 Oct 2023 | £184,183 | £180,000 | 8 GOLDICROFT ROAD |
| 11 Oct 2023 | £194,416 | £190,000 | 18 VICARAGE ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 12 May 2014. Using an estimated price of £61,394 means this house is valued at £1,158 per sq meter (£107 per sq foot).
The average size of a house on HOBS ROAD is 84 sq meters (908 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hobs Road |
| Sep 2024 | Other crime | Under investigation | On or near Hobs Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hobs Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hobs Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hobs Road |