£140,614
This estimated value is based upon the latest sale price for the house of £78,500 on 11 Nov 2008. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £78,500 | 11 Nov 2008 |
| £79,500 | 14 Nov 2007 |
| £24,000 | 10 Nov 2000 |
| 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 November 2008 the House Price Index for WEST MIDLANDS was 83.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 79.126%.Applying this 79.126% change to the original purchase price of £78,500 results in an estimated price of approximately £140,614.
| 11 Nov 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 83.0 | 148.6 | 79.126 % | £78,500 | £62,114 | £140,614 |
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 | 55.855 % | £43,846 | £122,346 |
| 3 Month Average | 56.396 % | £44,270 | £122,770 |
| 6 Month Average | 64.516 % | £50,645 | £129,145 |
| 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 76 sq meters or 818 sq feet when measured on 6 Jun 2016. Using an estimated price of £140,614 means this house is valued at £1,850 per sq meter (£171 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 |