£73,563
This estimated value is based upon the latest sale price for the house of £18,750 on 20 Feb 2000. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £18,750 | 20 Feb 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 February 2000 the House Price Index for WEST MIDLANDS was 37.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 292.341%.Applying this 292.341% change to the original purchase price of £18,750 results in an estimated price of approximately £73,563.
| 20 Feb 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 37.9 | 148.6 | 292.341 % | £18,750 | £54,813 | £73,563 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 135.999 % | £25,499 | £44,249 |
| 3 Month Average | 244.196 % | £45,786 | £64,536 |
| 6 Month Average | 263.662 % | £49,436 | £68,186 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jul 2023 | £233,138 | £230,000 | 5 LUNT PLACE |
| 28 Apr 2023 | £823,871 | £815,000 | D S WILLETTS (STAINLESS) LTD MURDOCH ROAD |
| 8 Mar 2023 | £70,666 | £70,000 | 21 SELWYN ROAD |
| 14 Jun 2022 | £177,509 | £175,000 | 63 VERNON ROAD |
| 11 Feb 2022 | £157,304 | £150,000 | 27 LAVENDER GROVE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 21 Sep 2018. Using an estimated price of £73,564 means this house is valued at £845 per sq meter (£78 per sq foot).
The average size of a house on LUNT ROAD is 101 sq meters (1,087 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lunt Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lunt Road |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Lunt Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lunt Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lavender Grove |