£61,501
This estimated value is based upon the latest sale price for the house of £18,000 on 8 Jun 2001. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£18,000 | 8 Jun 2001 |
£15,500 | 3 Sep 1999 |
Terraced |
Freehold |
Floor Area: 100 sq meters or 1,076 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 June 2001 the House Price Index for WEST MIDLANDS was 43.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 241.675%.Applying this 241.675% change to the original purchase price of £18,000 results in an estimated price of approximately £61,501.
8 Jun 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
43.8 | 149.7 | 241.675 % | £18,000 | £43,501 | £61,501 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 239.265 % | £43,067 | £61,067 |
3 Month Average | 277.656 % | £49,978 | £67,978 |
6 Month Average | 274.482 % | £49,406 | £67,406 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Jun 2024 | £325,000 | £325,000 | 54 WALSALL STREET |
15 Aug 2023 | £117,112 | £115,000 | UNIT 12A CHANCEL INDUSTRIAL ESTATE |
6 Apr 2023 | £116,173 | £114,000 | 130A NEWHALL STREET |
23 Feb 2023 | £115,773 | £115,000 | 187 STRINGES LANE |
4 Nov 2022 | £154,279 | £155,000 | 22 VILLIERS STREET |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 14 Jul 2020. Using an estimated price of £61,501 means this house is valued at £615 per sq meter (£57 per sq foot).
The average size of a house on LOWER LICHFIELD STREET is 93 sq meters (1,006 sq feet).
This house is the largest in the street with a floor area of 100 sq meters (1,076 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Middle Piece Way |
Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
Jul 2024 | Other theft | Unable to prosecute suspect | On or near Parking Area |
Jul 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |