£78,758
This estimated value is based upon the latest sale price for the house of £53,000 on 16 Jan 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Lodge Drive
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| Price Paid | Date |
|---|---|
| £53,000 | 16 Jan 2015 |
| £62,500 | 21 Sep 2006 |
| £38,000 | 28 Jun 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 29 sq meters or 312 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 2015 the House Price Index for WEST MIDLANDS was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £53,000 results in an estimated price of approximately £78,758.
| 16 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £53,000 | £25,758 | £78,758 |
The Postcode Pricing Model uses changes in average sales price within the B26 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 | 57.928 % | £30,702 | £83,702 |
| 3 Month Average | 58.234 % | £30,864 | £83,864 |
| 6 Month Average | 47.758 % | £25,311 | £78,311 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £280,374 | £276,600 | 1 BARROWS LANE |
| 31 Mar 2023 | £275,092 | £272,500 | 32 CRANFIELD GROVE |
| 24 Feb 2023 | £244,835 | £245,000 | 8 LODGE DRIVE |
| 10 Feb 2023 | £279,812 | £280,000 | 15 BARROWS LANE |
| 10 Nov 2022 | £74,102 | £75,000 | 6 BARROWS LANE |
This house has a floor area of 29 sq meters or 312 sq feet when measured on 1 Mar 2014. Using an estimated price of £78,758 means this house is valued at £2,715 per sq meter (£252 per sq foot).
The average size of a house on BARROWS LANE is 93 sq meters (1,007 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Lodge Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lodge Drive |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lodge Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodge Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodge Drive |