£246,543
This estimated value is based upon the latest sale price for the house of £236,168 on 15 Mar 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Gate Lane
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| Price Paid | Date |
|---|---|
| £236,168 | 15 Mar 2022 |
| £236,168 | 1 Mar 2022 |
| £204,995 | 28 Sep 2018 |
| Detached |
| Freehold |
| Floor Area: 58 sq meters or 624 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 March 2022 the House Price Index for WEST MIDLANDS was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £236,168 results in an estimated price of approximately £246,543.
| 15 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £236,168 | £10,375 | £246,543 |
The Postcode Pricing Model uses changes in average sales price within the B16 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 | 40.418 % | £95,454 | £331,622 |
| 3 Month Average | 2.125 % | £5,019 | £241,187 |
| 6 Month Average | 16.255 % | £38,389 | £274,557 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £255,061 | £249,950 | 8 ASHES LANE |
| 15 Mar 2022 | £246,544 | £236,168 | 11 WICKET DRIVE |
| 5 Jan 2022 | £392,273 | £370,000 | 6 HALLEWELL ROAD |
| 25 Jun 2021 | £492,875 | £456,000 | 7 WICKET DRIVE |
| 18 Jun 2021 | £222,658 | £206,000 | 11 GATE LANE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 20 Sep 2018. Using an estimated price of £246,544 means this house is valued at £4,250 per sq meter (£394 per sq foot).
The average size of a house on WICKET DRIVE is 92 sq meters (992 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Gate Lane |
| Oct 2024 | Other theft | Under investigation | On or near Gate Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Gate Lane |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Gate Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gate Lane |