£199,711
This estimated value is based upon the latest sale price for the house of £150,000 on 5 Aug 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £150,000 | 5 Aug 2016 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 August 2016 the House Price Index for WEST MIDLANDS was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £150,000 results in an estimated price of approximately £199,711.
| 5 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £150,000 | £49,711 | £199,711 |
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 | 82.272 % | £123,407 | £273,407 |
| 3 Month Average | 49.761 % | £74,641 | £224,641 |
| 6 Month Average | 52.413 % | £78,619 | £228,619 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £208,651 | £205,000 | 33 LAKESIDE CLOSE |
| 10 Nov 2023 | £232,441 | £229,000 | 98B NOOSE LANE |
| 4 Aug 2023 | £151,324 | £150,000 | 5 LAKESIDE CLOSE |
| 2 Jun 2023 | £156,901 | £155,000 | 11 LAKESIDE CLOSE |
| 31 Mar 2023 | £232,188 | £230,000 | 20 TARN CLOSE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 19 May 2015. Using an estimated price of £199,711 means this house is valued at £2,593 per sq meter (£240 per sq foot).
The average size of a house on NOOSE LANE is 89 sq meters (959 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Tarn Close |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Noose Lane |
| Feb 2024 | Drugs | Local resolution | On or near Noose Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Noose Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Noose Lane |