£128,488
This estimated value is based upon the latest sale price for the house of £103,500 on 15 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £103,500 | 15 Oct 2018 |
| £83,500 | 27 May 2016 |
| £83,000 | 25 Mar 2010 |
| Terraced |
| Freehold |
| Floor Area: 58 sq meters or 624 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 October 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £103,500 results in an estimated price of approximately £128,488.
| 15 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £103,500 | £24,988 | £128,488 |
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 | 45.132 % | £46,711 | £150,211 |
| 3 Month Average | 22.926 % | £23,728 | £127,228 |
| 6 Month Average | 27.038 % | £27,983 | £131,483 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £221,816 | £215,000 | 3 WILLIAMS CLOSE |
| 15 Sep 2023 | £178,945 | £175,000 | 38 WATKINS ROAD |
| 29 Aug 2023 | £191,453 | £188,000 | 19 WATKINS ROAD |
| 25 Aug 2023 | £264,775 | £260,000 | 5B MILL LANE |
| 15 Feb 2023 | £145,975 | £145,000 | 71 SHEPHERD DRIVE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 26 Mar 2013. Using an estimated price of £128,488 means this house is valued at £2,215 per sq meter (£205 per sq foot).
The average size of a house on MILL LANE is 119 sq meters (1,284 sq feet).
This house is the smallest in the street with a floor area of 58 sq meters (624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mill Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Shepherd Drive |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Shepherd Drive |
| Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Shepherd Drive |
| May 2024 | Anti-social behaviour | On or near Shepherd Drive |