£278,832
This estimated value is based upon the latest sale price for the house of £225,000 on 13 Jul 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 13 Jul 2018 |
| Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 July 2018 the House Price Index for WEST MIDLANDS was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £225,000 results in an estimated price of approximately £278,832.
| 13 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £225,000 | £53,832 | £278,832 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 67.612 % | £152,127 | £377,127 |
| 3 Month Average | 23.894 % | £53,762 | £278,762 |
| 6 Month Average | 28.204 % | £63,459 | £288,459 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Feb 2023 | £54,963 | £55,000 | 37 HALL LANE |
| 27 Jan 2023 | £191,100 | £192,000 | 2 PRIORY FIELD CLOSE |
| 17 Jan 2023 | £161,738 | £162,500 | 61 HALL LANE |
| 4 Nov 2022 | £454,495 | £460,000 | 98 GORGE ROAD |
| 16 Sep 2022 | £80,351 | £81,000 | 40 HACKETT CLOSE |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 24 Mar 2018. Using an estimated price of £278,832 means this house is valued at £2,534 per sq meter (£235 per sq foot).
The average size of a house on HALL LANE is 109 sq meters (1,181 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gorge Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Gorge Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Clifton Street |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Clifton Street |
| Feb 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Clifton Street |