£181,980
This estimated value is based upon the latest sale price for the house of £145,000 on 12 Jan 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £145,000 | 12 Jan 2018 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 January 2018 the House Price Index for WEST MIDLANDS was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £145,000 results in an estimated price of approximately £181,980.
| 12 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £145,000 | £36,980 | £181,980 |
The Postcode Pricing Model uses changes in average sales price within the WS9 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 | 75.166 % | £108,991 | £253,991 |
| 3 Month Average | 37.607 % | £54,530 | £199,530 |
| 6 Month Average | 29.850 % | £43,282 | £188,282 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £354,533 | £350,000 | 147 REDHOUSE LANE |
| 10 Aug 2023 | £287,515 | £285,000 | 168 REDHOUSE LANE |
| 28 Apr 2023 | £248,678 | £246,000 | 42 WESTBROOK AVENUE |
| 10 Mar 2023 | £232,188 | £230,000 | 10 WEST PARK CLOSE |
| 28 Feb 2023 | £219,852 | £220,000 | 80 GRETTON CRESCENT |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 29 Jul 2017. Using an estimated price of £181,981 means this house is valued at £2,527 per sq meter (£234 per sq foot).
The average size of a house on REDHOUSE LANE is 91 sq meters (982 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Gretton Crescent |
| Mar 2024 | Anti-social behaviour | On or near Gretton Crescent | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lea View |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Berry Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Berry Drive |