£126,127
This estimated value is based upon the latest sale price for the house of £73,000 on 15 Sep 2011. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £73,000 | 15 Sep 2011 |
| £53,000 | 11 Jul 2003 |
| £41,500 | 21 Feb 2003 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 September 2011 the House Price Index for WEST MIDLANDS was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.778%.Applying this 72.778% change to the original purchase price of £73,000 results in an estimated price of approximately £126,127.
| 15 Sep 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.778 % | £73,000 | £53,127 | £126,127 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 73.511 % | £53,663 | £126,663 |
| 3 Month Average | 85.677 % | £62,544 | £135,544 |
| 6 Month Average | 80.599 % | £58,837 | £131,837 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £354,292 | £350,000 | 40 RED LANE |
| 26 Apr 2023 | £151,633 | £150,000 | 338 STONEY STANTON ROAD |
| 30 Jan 2023 | £716,893 | £720,270 | AINTREE HOUSE AINTREE CLOSE |
| 19 Jan 2023 | £263,758 | £265,000 | 20 RED LANE |
| 4 Nov 2021 | £117,885 | £109,000 | 36 COBDEN STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 6 Dec 2014. Using an estimated price of £126,128 means this house is valued at £1,751 per sq meter (£162 per sq foot).
The average size of a house on RED LANE is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Cobden Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Finbarr Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cobden Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cobden Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cobden Street |