£205,047
This estimated value is based upon the latest sale price for the house of £165,000 on 20 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £165,000 | 20 Dec 2018 |
| £124,999 | 9 Aug 2006 |
| £65,500 | 20 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £165,000 results in an estimated price of approximately £205,047.
| 20 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £165,000 | £40,047 | £205,047 |
The Postcode Pricing Model uses changes in average sales price within the B43 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 | 65.386 % | £107,887 | £272,887 |
| 3 Month Average | 34.726 % | £57,297 | £222,297 |
| 6 Month Average | 32.680 % | £53,922 | £218,922 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £194,949 | £190,000 | 47 SPOUTHOUSE LANE |
| 26 Sep 2022 | £224,850 | £225,000 | 285 OLD WALSALL ROAD |
| 27 Jan 2022 | £355,133 | £334,968 | 2 HOBHOUSE CLOSE |
| 17 Dec 2021 | £360,489 | £334,000 | 37 HOBHOUSE CLOSE |
| 17 Dec 2021 | £233,131 | £216,000 | 142 SPOUTHOUSE LANE |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 1 Sep 2018. Using an estimated price of £205,047 means this house is valued at £2,595 per sq meter (£241 per sq foot).
The average size of a house on SPOUTHOUSE LANE is 84 sq meters (911 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Under investigation | On or near Spouthouse Lane |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Spouthouse Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spouthouse Lane |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spouthouse Lane |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Spouthouse Lane |