£114,748
This estimated value is based upon the latest sale price for the house of £83,000 on 8 Jan 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £83,000 | 8 Jan 2016 |
| £48,000 | 17 Aug 2005 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 January 2016 the House Price Index for WEST MIDLANDS was 108.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 38.251%.Applying this 38.251% change to the original purchase price of £83,000 results in an estimated price of approximately £114,748.
| 8 Jan 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 149.7 | 38.251 % | £83,000 | £31,748 | £114,748 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 97.843 % | £81,210 | £164,210 |
| 3 Month Average | 43.516 % | £36,118 | £119,118 |
| 6 Month Average | 39.874 % | £33,095 | £116,095 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £189,818 | £185,000 | 85 STROUD AVENUE |
| 22 Mar 2023 | £172,887 | £170,000 | 103 STROUD AVENUE |
| 31 Jan 2023 | £83,724 | £83,500 | 42 DIBBLE CLOSE |
| 22 Jun 2022 | £241,155 | £236,000 | 1 SPINDLE TREE RISE |
| 21 Dec 2021 | £280,620 | £260,000 | 51 SHERLOCK CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 11 Jul 2014. Using an estimated price of £114,749 means this house is valued at £1,289 per sq meter (£119 per sq foot).
The average size of a house on LEWIS CLOSE is 108 sq meters (1,162 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lewis Close |
| May 2024 | Anti-social behaviour | On or near Lewis Close | |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lewis Close |
| May 2024 | Anti-social behaviour | On or near Lewis Close | |
| May 2024 | Anti-social behaviour | On or near Lewis Close |