£397,671
This estimated value is based upon the latest sale price for the house of £399,000 on 7 Oct 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£399,000 | 7 Oct 2022 |
£135,000 | 15 Jul 2016 |
Detached |
Freehold |
Floor Area: 128 sq meters or 1,377 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 October 2022 the House Price Index for WEST MIDLANDS was 150.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of -0.333%.Applying this -0.333% change to the original purchase price of £399,000 results in an estimated price of approximately £397,671.
7 Oct 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
150.2 | 149.7 | -0.333 % | £399,000 | £-1,328 | £397,671 |
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 | 63.301 % | £252,572 | £651,572 |
3 Month Average | 6.915 % | £27,590 | £426,590 |
6 Month Average | -0.949 % | £-3,785 | £395,214 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Mar 2024 | £111,716 | £110,000 | 2 LILAC ROAD |
6 Oct 2023 | £184,183 | £180,000 | 67 WOODSIDE WAY |
17 Mar 2023 | £203,397 | £200,000 | 50 WOODSIDE WAY |
7 Oct 2022 | £397,672 | £399,000 | 59 WOOD LANE |
24 Jun 2022 | £291,225 | £285,000 | 59D WOOD LANE |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 14 Dec 2020. Using an estimated price of £397,672 means this house is valued at £3,106 per sq meter (£288 per sq foot).
The average size of a house on WOOD LANE is 103 sq meters (1,111 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
May 2024 | Criminal damage and arson | Under investigation | On or near Wood Lane |
May 2024 | Violence and sexual offences | Under investigation | On or near Wood Lane |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wood Lane |
Jul 2024 | Burglary | Unable to prosecute suspect | On or near Wordsworth Road |
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wordsworth Road |