£231,313
This estimated value is based upon the latest sale price for the house of £184,000 on 15 Dec 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£184,000 | 15 Dec 2017 |
£135,000 | 31 Jan 2011 |
Semi-Detached |
Freehold |
Floor Area: 85 sq meters or 924 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 2017 the House Price Index for WEST MIDLANDS was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £184,000 results in an estimated price of approximately £231,313.
15 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.2 | 148.6 | 25.714 % | £184,000 | £47,313 | £231,313 |
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 | 87.145 % | £160,347 | £344,347 |
3 Month Average | 59.463 % | £109,411 | £293,411 |
6 Month Average | 48.749 % | £89,699 | £273,699 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2024 | £110,000 | £110,000 | 2 LILAC ROAD |
24 Nov 2023 | £276,595 | £272,500 | 4 BYRON ROAD |
10 Nov 2023 | £274,057 | £270,000 | 13 WOOD LANE |
8 Sep 2023 | £202,590 | £200,000 | 20 WOODSIDE WAY |
21 Jul 2023 | £248,342 | £245,000 | 17 WOODSIDE WAY |
This house has a floor area of 85 sq meters or 924 sq feet when measured on 12 Aug 2009. Using an estimated price of £231,314 means this house is valued at £2,692 per sq meter (£250 per sq foot).
The average size of a house on WOOD LANE is 103 sq meters (1,111 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Shoplifting | Under investigation | On or near Wood Lane Close |
Mar 2024 | Shoplifting | Under investigation | On or near Wood Lane Close |
Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near Wood Lane Close |
Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near Wood Lane Close |
Mar 2024 | Shoplifting | Awaiting court outcome | On or near Wood Lane Close |