£280,093
This estimated value is based upon the latest sale price for the house of £162,500 on 20 Dec 2011. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £162,500 | 20 Dec 2011 |
| Detached |
| Freehold |
| Floor Area: 69 sq meters or 747 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 December 2011 the House Price Index for WEST MIDLANDS was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £162,500 results in an estimated price of approximately £280,093.
| 20 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.365 % | £162,500 | £117,593 | £280,093 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 33.994 % | £55,240 | £217,740 |
| 3 Month Average | 70.586 % | £114,702 | £277,202 |
| 6 Month Average | 58.372 % | £94,854 | £257,354 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £141,500 | £141,500 | 21 LYNWOOD CLOSE |
| 4 Sep 2023 | £121,554 | £120,000 | 13 DRYDEN CLOSE |
| 25 Aug 2023 | £255,233 | £253,000 | 4 BROADMEADOWS ROAD |
| 17 Mar 2023 | £156,474 | £155,000 | 6 DRYDEN CLOSE |
| 23 Jan 2023 | £341,392 | £343,000 | 300 LICHFIELD ROAD |
This house has a floor area of 69 sq meters or 747 sq feet when measured on 2 Jun 2010. Using an estimated price of £280,093 means this house is valued at £4,035 per sq meter (£374 per sq foot).
The average size of a house on LICHFIELD ROAD is 96 sq meters (1,042 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Unable to prosecute suspect | On or near A4124 |
| Apr 2024 | Criminal damage and arson | Under investigation | On or near A4124 |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Feb 2024 | Anti-social behaviour | On or near Petrol Station | |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Petrol Station |