£156,173
This estimated value is based upon the latest sale price for the house of £125,500 on 25 Feb 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£125,500 | 25 Feb 2019 |
£90,000 | 24 May 2006 |
£30,000 | 29 Sep 2000 |
Semi-Detached |
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 February 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £125,500 results in an estimated price of approximately £156,173.
25 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.441 % | £125,500 | £30,673 | £156,173 |
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 | -9.623 % | £-12,076 | £113,423 |
3 Month Average | 16.440 % | £20,632 | £146,132 |
6 Month Average | 3.229 % | £4,052 | £129,552 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Nov 2023 | £172,376 | £168,000 | 34 CHISWELL ROAD |
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 |
1 Jul 2022 | £171,721 | £170,000 | 69 CUTHBERT ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 1 Mar 2016. Using an estimated price of £156,174 means this house is valued at £1,643 per sq meter (£152 per sq foot).
The average size of a house on HEATH GREEN ROAD is 90 sq meters (975 sq feet).