£74,716
This estimated value is based upon the latest sale price for the house of £39,060 on 4 Oct 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£39,060 | 4 Oct 2004 |
Terraced |
Freehold |
Floor Area: 76 sq meters or 818 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 2004 the House Price Index for WEST MIDLANDS was 78.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 91.287%.Applying this 91.287% change to the original purchase price of £39,060 results in an estimated price of approximately £74,716.
4 Oct 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
78.3 | 149.7 | 91.287 % | £39,060 | £35,656 | £74,716 |
The Postcode Pricing Model uses changes in average sales price within the B18 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 | 97.756 % | £38,183 | £77,243 |
3 Month Average | 40.819 % | £15,943 | £55,003 |
6 Month Average | 47.222 % | £18,444 | £57,504 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Oct 2023 | £230,229 | £225,000 | 295 DUDLEY ROAD |
4 Apr 2023 | £327,225 | £321,105 | 71 CUTHBERT ROAD |
13 Oct 2022 | £119,601 | £120,000 | 8 ENDERBY GROVE |
12 Aug 2022 | £105,493 | £105,000 | 39 BELLEFIELD ROAD |
1 Jul 2022 | £171,721 | £170,000 | 69 CUTHBERT ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 1 Mar 2013. Using an estimated price of £74,717 means this house is valued at £983 per sq meter (£91 per sq foot).
The average size of a house on HEATH GREEN ROAD is 90 sq meters (975 sq feet).