£129,780
This estimated value is based upon the latest sale price for the house of £89,500 on 28 Jul 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £89,500 | 28 Jul 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 July 2015 the House Price Index for WEST MIDLANDS was 103.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 45.006%.Applying this 45.006% change to the original purchase price of £89,500 results in an estimated price of approximately £129,780.
| 28 Jul 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 149.7 | 45.006 % | £89,500 | £40,280 | £129,780 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | 16.534 % | £14,797 | £104,297 |
| 3 Month Average | 51.870 % | £46,423 | £135,923 |
| 6 Month Average | 58.844 % | £52,665 | £142,165 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £187,887 | £185,000 | 8 OLD FALLINGS CRESCENT |
| 10 Aug 2022 | £155,728 | £155,000 | 55 FOURTH AVENUE |
| 8 Apr 2022 | £181,549 | £175,000 | 14 HIGHAM WAY |
| 29 Sep 2021 | £173,691 | £160,000 | 4 BURBAGE CLOSE |
| 25 Jun 2021 | £133,217 | £123,250 | 8 BRETTON GARDENS |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 18 Mar 2015. Using an estimated price of £129,780 means this house is valued at £1,730 per sq meter (£160 per sq foot).
The average size of a house on PARK LANE is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Bretton Gardens |
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Bretton Gardens |
| Jun 2024 | Anti-social behaviour | On or near Bretton Gardens | |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Bretton Gardens |
| Jun 2024 | Anti-social behaviour | On or near Bretton Gardens |