£75,706
This estimated value is based upon the latest sale price for the house of £18,000 on 15 Sep 1999. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £18,000 | 15 Sep 1999 |
| £32,000 | 25 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 1999 the House Price Index for WEST MIDLANDS was 35.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 320.589%.Applying this 320.589% change to the original purchase price of £18,000 results in an estimated price of approximately £75,706.
| 15 Sep 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 35.3 | 148.6 | 320.589 % | £18,000 | £57,706 | £75,706 |
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 | 303.154 % | £54,567 | £72,567 |
| 3 Month Average | 248.239 % | £44,683 | £62,683 |
| 6 Month Average | 258.196 % | £46,475 | £64,475 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £193,384 | £190,000 | 42 BROADMOOR ROAD |
| 23 Aug 2023 | £213,871 | £212,000 | 22 ANVIL CRESCENT |
| 4 Aug 2023 | £70,618 | £70,000 | 248 BROAD LANES |
| 8 Jun 2023 | £237,881 | £235,000 | 14 BROADMOOR ROAD |
| 6 Apr 2023 | £153,654 | £152,000 | 242 BROAD LANES |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 21 Sep 2012. Using an estimated price of £75,706 means this house is valued at £912 per sq meter (£84 per sq foot).
The average size of a house on BROAD LANES is 89 sq meters (961 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Horning Drive |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Broad Lanes |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broad Lanes |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Norman Davies Gardens |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Norman Davies Gardens |