£248,338
This estimated value is based upon the latest sale price for the house of £148,000 on 21 Jun 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£148,000 | 21 Jun 2013 |
£149,950 | 7 May 2008 |
Semi-Detached |
Freehold |
Floor Area: 87 sq meters or 936 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 June 2013 the House Price Index for WEST MIDLANDS was 89.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 67.796%.Applying this 67.796% change to the original purchase price of £148,000 results in an estimated price of approximately £248,338.
21 Jun 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
89.2 | 149.7 | 67.796 % | £148,000 | £100,338 | £248,338 |
The Postcode Pricing Model uses changes in average sales price within the DY3 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 | 64.216 % | £95,039 | £243,039 |
3 Month Average | 56.640 % | £83,826 | £231,826 |
6 Month Average | 70.356 % | £104,127 | £252,127 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2024 | £208,199 | £205,000 | 4 LANSDOWNE CLOSE |
6 Dec 2023 | £131,542 | £127,500 | 1 BROOK STREET |
17 Nov 2023 | £277,032 | £270,000 | 10 MAPLE CLOSE |
21 Apr 2023 | £280,242 | £275,000 | 6 WESTERDALE CLOSE |
14 Apr 2022 | £280,104 | £270,000 | 27 BROOK STREET |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 19 Nov 2012. Using an estimated price of £248,338 means this house is valued at £2,854 per sq meter (£265 per sq foot).
The average size of a house on PARKES LANE is 95 sq meters (1,025 sq feet).
This house is the largest in the street with a floor area of 87 sq meters (936 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Criminal damage and arson | Local resolution | On or near Parkes Lane |
Apr 2024 | Anti-social behaviour | On or near Parkes Lane | |
Apr 2024 | Anti-social behaviour | On or near Parkes Lane | |
Apr 2024 | Anti-social behaviour | On or near Parkes Lane | |
Apr 2024 | Anti-social behaviour | On or near Parkes Lane |