£268,020
This estimated value is based upon the latest sale price for the house of £137,500 on 15 Jul 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £137,500 | 15 Jul 2004 |
| £94,950 | 7 Jun 2002 |
| £51,950 | 14 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 778 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 2004 the House Price Index for WEST MIDLANDS was 76.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 94.924%.Applying this 94.924% change to the original purchase price of £137,500 results in an estimated price of approximately £268,020.
| 15 Jul 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 76.2 | 148.6 | 94.924 % | £137,500 | £130,520 | £268,020 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 51.087 % | £70,244 | £207,744 |
| 3 Month Average | 55.511 % | £76,328 | £213,828 |
| 6 Month Average | 76.763 % | £105,548 | £243,048 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £274,057 | £270,000 | 93 MAY LANE |
| 12 Sep 2023 | £295,782 | £292,000 | 34 BEECHWOOD ROAD |
| 8 Sep 2023 | £241,082 | £238,000 | 146 MAY LANE |
| 28 Apr 2023 | £181,959 | £180,000 | 148 MAY LANE |
| 28 Apr 2023 | £308,320 | £305,000 | 140 MAY LANE |
This house has a floor area of 72 sq meters or 778 sq feet when measured on 15 May 2011. Using an estimated price of £268,021 means this house is valued at £3,703 per sq meter (£344 per sq foot).
The average size of a house on MAY LANE is 100 sq meters (1,082 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (778 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Beechwood Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Fir Grove |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near May Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near May Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near May Lane |