£705,309
This estimated value is based upon the latest sale price for the house of £490,000 on 2 Jul 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £490,000 | 2 Jul 2015 |
| Detached |
| Freehold |
| Floor Area: 331 sq meters or 3,562 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 2015 the House Price Index for WEST MIDLANDS was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £490,000 results in an estimated price of approximately £705,309.
| 2 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 103.2 | 148.6 | 43.941 % | £490,000 | £215,309 | £705,309 |
The Postcode Pricing Model uses changes in average sales price within the CV4 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 | -9.460 % | £-46,354 | £443,645 |
| 3 Month Average | 5.594 % | £27,411 | £517,411 |
| 6 Month Average | 25.052 % | £122,755 | £612,755 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £419,856 | £412,510 | 15 COLEBY CLOSE |
| 3 Feb 2023 | £359,758 | £360,000 | 42 CROMWELL LANE |
| 23 Feb 2022 | £340,826 | £325,000 | 17 BOURCHIER CLOSE |
| 15 Dec 2021 | £514,261 | £480,000 | 86 CROMWELL LANE |
| 20 Oct 2021 | £132,777 | £120,000 | 12 THE PINES |
This house has a floor area of 331 sq meters or 3,562 sq feet when measured on 7 Jun 2019. Using an estimated price of £705,309 means this house is valued at £2,130 per sq meter (£197 per sq foot).
The average size of a house on CROMWELL LANE is 152 sq meters (1,639 sq feet).
This house is the largest in the street with a floor area of 331 sq meters (3,562 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cromwell Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cromwell Lane |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Dalmeny Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Dalmeny Road |
| Mar 2024 | Anti-social behaviour | On or near Penruddock Drive |