£337,845
This estimated value is based upon the latest sale price for the house of £265,000 on 31 Jul 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £265,000 | 31 Jul 2017 |
| £154,000 | 24 May 2013 |
| £184,950 | 28 May 2003 |
| £72,000 | 3 Feb 1995 |
| Detached |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 2017 the House Price Index for WEST MIDLANDS was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £265,000 results in an estimated price of approximately £337,845.
| 31 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 148.6 | 27.489 % | £265,000 | £72,845 | £337,845 |
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 | 85.885 % | £227,594 | £492,594 |
| 3 Month Average | 42.778 % | £113,362 | £378,362 |
| 6 Month Average | 47.940 % | £127,041 | £392,041 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £217,227 | £214,450 | 10 WADDELL CLOSE |
| 11 Aug 2023 | £176,544 | £175,000 | 15 WADDELL CLOSE |
| 22 Feb 2023 | £54,963 | £55,000 | 37 HALL LANE |
| 17 Jan 2023 | £161,738 | £162,500 | 61 HALL LANE |
| 16 Sep 2022 | £80,351 | £81,000 | 40 HACKETT CLOSE |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 6 Feb 2017. Using an estimated price of £337,846 means this house is valued at £2,396 per sq meter (£222 per sq foot).
The average size of a house on HALL LANE is 109 sq meters (1,181 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hall Lane |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Abney Drive |
| Jan 2024 | Possession of weapons | Under investigation | On or near Hackett Close |
| Jan 2024 | Drugs | Under investigation | On or near Hackett Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hackett Close |