£248,926
This estimated value is based upon the latest sale price for the house of £200,000 on 14 Jun 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £200,000 | 14 Jun 2019 |
| £147,000 | 19 Jun 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 June 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.463%.Applying this 24.463% change to the original purchase price of £200,000 results in an estimated price of approximately £248,926.
| 14 Jun 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.463 % | £200,000 | £48,926 | £248,926 |
The Postcode Pricing Model uses changes in average sales price within the DY8 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 | 31.173 % | £62,346 | £262,346 |
| 3 Month Average | 19.640 % | £39,279 | £239,279 |
| 6 Month Average | 27.602 % | £55,204 | £255,204 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Oct 2023 | £2,337,080 | £2,284,000 | WORDSLEY HALL BRIERLEY HILL ROAD |
| 25 Oct 2023 | £151,439 | £148,000 | 46 CROWNOAKES DRIVE |
| 16 Oct 2023 | £117,673 | £115,000 | 27 CROWNOAKES DRIVE |
| 25 Aug 2023 | £142,571 | £140,000 | 44 CROWNOAKES DRIVE |
| 8 Feb 2023 | £125,841 | £125,000 | 22 CROWNOAKES DRIVE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 22 Mar 2019. Using an estimated price of £248,927 means this house is valued at £2,440 per sq meter (£226 per sq foot).
The average size of a house on WATERY LANE is 96 sq meters (1,039 sq feet).
This house is the largest in the street with a floor area of 102 sq meters (1,097 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Watery Lane |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Crownoakes Drive |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Crownoakes Drive |
| Aug 2024 | Vehicle crime | Unable to prosecute suspect | On or near Petrol Station |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petrol Station |