£190,435
This estimated value is based upon the latest sale price for the house of £139,950 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £139,950 | 31 Mar 2016 |
| £59,950 | 30 Jun 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 March 2016 the House Price Index for WEST MIDLANDS was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £139,950 results in an estimated price of approximately £190,435.
| 31 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £139,950 | £50,485 | £190,435 |
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 | 79.619 % | £111,426 | £251,376 |
| 3 Month Average | 67.439 % | £94,380 | £234,330 |
| 6 Month Average | 54.220 % | £75,880 | £215,830 |
| 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 79 sq meters or 850 sq feet when measured on 14 Jan 2014. Using an estimated price of £190,435 means this house is valued at £2,410 per sq meter (£223 per sq foot).
The average size of a house on PARKES LANE is 95 sq meters (1,025 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 |