£301,238
This estimated value is based upon the latest sale price for the house of £230,000 on 27 Feb 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£230,000 | 27 Feb 2017 |
£180,000 | 11 Nov 2011 |
Detached |
Freehold |
Floor Area: 106 sq meters or 1,140 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 February 2017 the House Price Index for WEST MIDLANDS was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £230,000 results in an estimated price of approximately £301,238.
27 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 149.7 | 30.973 % | £230,000 | £71,238 | £301,238 |
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 | -23.849 % | £-54,853 | £175,146 |
3 Month Average | 38.811 % | £89,266 | £319,266 |
6 Month Average | 27.533 % | £63,325 | £293,325 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £215,308 | £212,000 | 5 OAK GROVE |
7 Dec 2023 | £268,243 | £260,000 | 3 LONG MILL NORTH |
22 Nov 2023 | £674,368 | £657,250 | 66A LONG KNOWLE LANE |
10 Nov 2023 | £194,949 | £190,000 | 9 OAK GROVE |
24 Oct 2023 | £386,785 | £378,000 | 16 LONG MILL NORTH |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 14 Apr 2016. Using an estimated price of £301,239 means this house is valued at £2,841 per sq meter (£264 per sq foot).
The average size of a house on LONG KNOWLE LANE is 109 sq meters (1,180 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mills Close |
Jun 2024 | Criminal damage and arson | Offender given a caution | On or near Mills Close |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mills Close |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mills Close |
May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mills Close |