£457,036
This estimated value is based upon the latest sale price for the house of £130,000 on 26 Jan 2001. 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 | 26 Jan 2001 |
| 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 January 2001 the House Price Index for WEST MIDLANDS was 41.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 251.567%.Applying this 251.567% change to the original purchase price of £130,000 results in an estimated price of approximately £457,036.
| 26 Jan 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 41.7 | 146.7 | 251.567 % | £130,000 | £327,036 | £457,036 |
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 | 329.391 % | £428,208 | £558,208 |
| 3 Month Average | 255.276 % | £331,858 | £461,858 |
| 6 Month Average | 215.789 % | £280,525 | £410,525 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Pool Hayes Lane |
| Dec 2023 | Other theft | Awaiting court outcome | On or near Pool Hayes Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Meadow Lane |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broad Lane South |
| Dec 2023 | Vehicle crime | Unable to prosecute suspect | On or near Broad Lane South |