£122,118
This estimated value is based upon the latest sale price for the house of £72,000 on 22 Jun 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £72,000 | 22 Jun 2012 |
| Terraced |
| Freehold |
| Floor Area: 76 sq meters or 818 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 2012 the House Price Index for WEST MIDLANDS was 87.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.609%.Applying this 69.609% change to the original purchase price of £72,000 results in an estimated price of approximately £122,118.
| 22 Jun 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 148.6 | 69.609 % | £72,000 | £50,118 | £122,118 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | -10.834 % | £-7,800 | £64,199 |
| 3 Month Average | 0.158 % | £113 | £72,113 |
| 6 Month Average | 20.656 % | £14,872 | £86,872 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Dec 2023 | £239,185 | £235,000 | 8 BROCK ROAD |
| 8 Sep 2023 | £261,342 | £258,000 | 11 HAINES CLOSE |
| 16 Jun 2023 | £177,146 | £175,000 | 6 SHAW ROAD |
| 15 Jun 2023 | £202,452 | £200,000 | 6 JOHNS LANE |
| 25 Jan 2023 | £137,353 | £138,000 | 14 SHAW ROAD |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 25 Apr 2012. Using an estimated price of £122,119 means this house is valued at £1,606 per sq meter (£149 per sq foot).
The average size of a house on JOHNS LANE is 78 sq meters (843 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near John'S Lane |
| Jan 2024 | Other crime | Investigation complete; no suspect identified | On or near John'S Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bevan Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bevan Road |
| Feb 2024 | Drugs | Investigation complete; no suspect identified | On or near Bevan Road |