£100,236
This estimated value is based upon the latest sale price for the house of £68,000 on 13 Mar 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £68,000 | 13 Mar 2015 |
| £65,000 | 30 Sep 2014 |
| £86,500 | 27 Mar 2008 |
| £72,000 | 17 Mar 2005 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 March 2015 the House Price Index for WEST MIDLANDS was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £68,000 results in an estimated price of approximately £100,236.
| 13 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £68,000 | £32,236 | £100,236 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 20.262 % | £13,778 | £81,778 |
| 3 Month Average | 24.646 % | £16,759 | £84,759 |
| 6 Month Average | 43.320 % | £29,457 | £97,457 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jun 2023 | £105,275 | £104,000 | 74 NEACHELLS LANE |
| 19 Apr 2023 | £86,431 | £85,500 | 81 NEACHELLS LANE |
| 19 Apr 2023 | £86,431 | £85,500 | 89 NEACHELLS LANE |
| 31 Mar 2023 | £131,236 | £130,000 | 78 NEACHELLS LANE |
| 24 Aug 2022 | £110,702 | £111,000 | 88 HART ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 22 Jun 2012. Using an estimated price of £100,237 means this house is valued at £1,301 per sq meter (£120 per sq foot).
The average size of a house on NEACHELLS LANE is 86 sq meters (927 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Hart Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hart Road |
| Apr 2024 | Other theft | Under investigation | On or near Hart Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hart Road |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hart Road |