£197,904
This estimated value is based upon the latest sale price for the house of £160,000 on 21 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £160,000 | 21 Aug 2018 |
| £112,000 | 12 Nov 2012 |
| £104,950 | 3 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 August 2018 the House Price Index for WEST MIDLANDS was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £160,000 results in an estimated price of approximately £197,904.
| 21 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £160,000 | £37,904 | £197,904 |
The Postcode Pricing Model uses changes in average sales price within the B38 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 | 6.053 % | £9,684 | £169,684 |
| 3 Month Average | 56.655 % | £90,648 | £250,648 |
| 6 Month Average | 64.399 % | £103,038 | £263,038 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £152,449 | £150,500 | 24 MASSHOUSE LANE |
| 21 Mar 2023 | £211,997 | £210,000 | 41 LANCHESTER ROAD |
| 14 Oct 2022 | £261,188 | £264,000 | 107 LANCHESTER ROAD |
| 8 Apr 2022 | £236,854 | £230,000 | 76 OLD OAK ROAD |
| 25 Feb 2022 | £214,982 | £205,000 | 83 MASSHOUSE LANE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 21 Nov 2013. Using an estimated price of £197,905 means this house is valued at £2,443 per sq meter (£226 per sq foot).
The average size of a house on LANCHESTER ROAD is 81 sq meters (881 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pinewall Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pinewall Avenue |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kings Lodge |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Kings Lodge |
| Mar 2024 | Other theft | Under investigation | On or near Kings Lodge |