£180,678
This estimated value is based upon the latest sale price for the house of £145,000 on 31 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £145,000 | 31 Aug 2018 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2018 the House Price Index for WEST MIDLANDS was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £145,000 results in an estimated price of approximately £180,678.
| 31 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £145,000 | £35,678 | £180,678 |
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 | 67.028 % | £97,189 | £242,189 |
| 3 Month Average | 30.897 % | £44,800 | £189,800 |
| 6 Month Average | 32.017 % | £46,425 | £191,425 |
| 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 May 2022 | £269,008 | £262,000 | 217 WALSALL ROAD |
| 27 Jan 2022 | £355,133 | £334,968 | 2 HOBHOUSE CLOSE |
| 17 Dec 2021 | £360,489 | £334,000 | 37 HOBHOUSE CLOSE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 9 Apr 2018. Using an estimated price of £180,679 means this house is valued at £2,125 per sq meter (£197 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 Hobhouse Close |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hobhouse Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hobhouse Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hobhouse Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Hobhouse Close |