£357,444
This estimated value is based upon the latest sale price for the house of £237,000 on 20 Aug 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £237,000 | 20 Aug 2014 |
| £174,000 | 2 Oct 2009 |
| £155,000 | 30 Apr 2009 |
| Terraced |
| Freehold |
| Floor Area: 56 sq meters or 602 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 2014 the House Price Index for WEST MIDLANDS was 98.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 50.820%.Applying this 50.820% change to the original purchase price of £237,000 results in an estimated price of approximately £357,444.
| 20 Aug 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.0 | 50.820 % | £237,000 | £120,444 | £357,444 |
The Postcode Pricing Model uses changes in average sales price within the B92 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 | 35.714 % | £84,642 | £321,642 |
| 3 Month Average | 30.646 % | £72,630 | £309,630 |
| 6 Month Average | 34.273 % | £81,226 | £318,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £336,364 | £330,000 | 103 FOREDROVE LANE |
| 9 Jun 2023 | £423,433 | £420,000 | 197 DAMSON LANE |
| 24 Feb 2023 | £330,437 | £332,000 | 183 DAMSON LANE |
| 31 Jan 2023 | £128,818 | £129,950 | 64 FOREDROVE LANE |
| 9 Nov 2022 | £383,777 | £390,000 | 51 WHARTON AVENUE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 4 Apr 2014. Using an estimated price of £357,444 means this house is valued at £6,382 per sq meter (£592 per sq foot).
The average size of a house on FOREDROVE LANE is 77 sq meters (837 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeley Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheeley Road |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Damson Lane |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Damson Lane |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rouncil Close |