£167,791
This estimated value is based upon the latest sale price for the house of £160,000 on 4 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £160,000 | 4 Feb 2022 |
| Semi-Detached |
| Freehold |
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 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £160,000 results in an estimated price of approximately £167,791.
| 4 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £160,000 | £7,791 | £167,791 |
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 | -33.780 % | £-54,048 | £105,951 |
| 3 Month Average | -16.235 % | £-25,976 | £134,023 |
| 6 Month Average | 2.123 % | £3,396 | £163,396 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £255,787 | £252,000 | 56 JENNIE LEE AVENUE |
| 19 Jul 2023 | £304,093 | £300,000 | 39 HALECROFT AVENUE |
| 11 Mar 2022 | £222,796 | £215,000 | 159 WOOD END ROAD |
| 4 Mar 2022 | £217,615 | £210,000 | 115 LICHFIELD ROAD |
| 4 Feb 2022 | £167,791 | £160,000 | 72 LICHFIELD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clare Grove |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clare Grove |
| Feb 2024 | Theft from the person | Under investigation | On or near Clare Grove |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Lewis Grove |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lewis Grove |