£126,288
This estimated value is based upon the latest sale price for the house of £120,000 on 28 Jan 2022. 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 Gipsy Lane
More crime details
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| Price Paid | Date |
|---|---|
| £120,000 | 28 Jan 2022 |
| £75,000 | 4 Apr 2014 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2022 the House Price Index for WEST MIDLANDS was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £120,000 results in an estimated price of approximately £126,288.
| 28 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £120,000 | £6,288 | £126,288 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 28.349 % | £34,018 | £154,018 |
| 3 Month Average | 13.904 % | £16,685 | £136,685 |
| 6 Month Average | 8.177 % | £9,812 | £129,812 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £139,906 | £140,000 | 8 GIPSY LANE |
| 29 Jul 2022 | £101,273 | £101,000 | 130 GIPSY LANE |
| 22 Jun 2022 | £86,218 | £85,000 | 19 GIPSY LANE |
| 11 Mar 2022 | £170,983 | £165,000 | 108 GIPSY LANE |
| 28 Jan 2022 | £126,289 | £120,000 | 31 GIPSY LANE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 20 Apr 2012. Using an estimated price of £126,289 means this house is valued at £1,435 per sq meter (£133 per sq foot).
The average size of a house on GIPSY LANE is 92 sq meters (994 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gipsy Lane |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Gipsy Lane |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gipsy Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gipsy Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gipsy Lane |