£212,676
This estimated value is based upon the latest sale price for the house of £115,000 on 27 May 2005. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £115,000 | 27 May 2005 |
| £45,000 | 3 Sep 1999 |
| Terraced |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 May 2005 the House Price Index for WEST MIDLANDS was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.936%.Applying this 84.936% change to the original purchase price of £115,000 results in an estimated price of approximately £212,676.
| 27 May 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 148.6 | 84.936 % | £115,000 | £97,676 | £212,676 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 76.043 % | £87,449 | £202,449 |
| 3 Month Average | 53.187 % | £61,165 | £176,165 |
| 6 Month Average | 62.212 % | £71,543 | £186,543 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £217,906 | £216,000 | 28 BEACH ROAD |
| 26 May 2022 | £132,497 | £130,000 | 48 FAIRWAY GREEN |
| 30 Sep 2021 | £184,807 | £171,500 | 59 FAIRWAY GREEN |
| 9 Jul 2021 | £185,032 | £161,000 | 53 OAKLANDS GREEN |
| 27 Nov 2020 | £141,441 | £122,000 | 66 CHERRYWOOD GREEN |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 24 Jan 2014. Using an estimated price of £212,676 means this house is valued at £1,648 per sq meter (£153 per sq foot).
The average size of a house on GREEN LANES is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fairway Green |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fairway Green |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Oaklands Green |
| Feb 2024 | Possession of weapons | Unable to prosecute suspect | On or near Clement Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Clement Road |