£193,180
This estimated value is based upon the latest sale price for the house of £130,000 on 7 Jan 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£130,000 | 7 Jan 2015 |
£124,000 | 31 May 2013 |
£124,950 | 9 Mar 2007 |
Terraced |
Freehold |
Floor Area: 93 sq meters or 1,001 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 January 2015 the House Price Index for WEST MIDLANDS was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £130,000 results in an estimated price of approximately £193,180.
7 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.0 | 148.6 | 48.600 % | £130,000 | £63,180 | £193,180 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 14.849 % | £19,304 | £149,304 |
3 Month Average | 50.494 % | £65,642 | £195,642 |
6 Month Average | 38.258 % | £49,736 | £179,736 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Mar 2024 | £397,000 | £397,000 | 16 BRAMBLE CLOSE |
4 Jan 2023 | £303,570 | £305,000 | 4 MEADOW GRANGE DRIVE |
5 Jul 2022 | £176,475 | £176,000 | 103 LICHFIELD ROAD |
24 Jun 2022 | £324,587 | £320,000 | 9 HOLLOWCROFT ROAD |
7 Jan 2022 | £298,884 | £284,000 | 111 LICHFIELD ROAD |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 19 Feb 2013. Using an estimated price of £193,180 means this house is valued at £2,077 per sq meter (£192 per sq foot).
The average size of a house on LICHFIELD ROAD is 96 sq meters (1,042 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bramble Close |
Apr 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Petrol Station |
Apr 2024 | Shoplifting | Awaiting court outcome | On or near Petrol Station |
Apr 2024 | Shoplifting | Unable to prosecute suspect | On or near Petrol Station |
Apr 2024 | Anti-social behaviour | On or near Petrol Station |