£213,990
This estimated value is based upon the latest sale price for the house of £173,500 on 5 Jul 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £173,500 | 5 Jul 2019 |
| Detached |
| 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 July 2019 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.337%.Applying this 23.337% change to the original purchase price of £173,500 results in an estimated price of approximately £213,990.
| 5 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £173,500 | £40,490 | £213,990 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 48.590 % | £84,303 | £257,803 |
| 3 Month Average | 34.147 % | £59,244 | £232,744 |
| 6 Month Average | 30.217 % | £52,426 | £225,926 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £65,977 | £65,000 | FLAT 18 KINGFISHER COURT, 1 CLARKES LANE |
| 21 Jul 2023 | £244,288 | £241,000 | 154 CLARKES LANE |
| 16 Jun 2023 | £466,653 | £461,000 | 166 CLARKES LANE |
| 19 Jan 2023 | £209,015 | £210,000 | 152 CLARKES LANE |
| 7 Sep 2022 | £208,318 | £210,000 | 29 OAKRIDGE DRIVE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 8 Jan 2015. Using an estimated price of £213,991 means this house is valued at £2,972 per sq meter (£276 per sq foot).
The average size of a house on CLARKES LANE is 66 sq meters (711 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Clarkes Lane | |
| Feb 2024 | Anti-social behaviour | On or near Clarkes Lane | |
| Feb 2024 | Anti-social behaviour | On or near Clarkes Lane | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clarkes Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Chetwynd Close |