£166,202
This estimated value is based upon the latest sale price for the house of £90,000 on 3 Aug 2005. 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 Shaftmoor Lane
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| Price Paid | Date |
|---|---|
| £90,000 | 3 Aug 2005 |
| £65,000 | 10 Sep 2002 |
| £57,000 | 27 Jul 2000 |
| 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 2005 the House Price Index for WEST MIDLANDS was 81.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 84.670%.Applying this 84.670% change to the original purchase price of £90,000 results in an estimated price of approximately £166,202.
| 3 Aug 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.1 | 149.7 | 84.670 % | £90,000 | £76,202 | £166,202 |
The Postcode Pricing Model uses changes in average sales price within the B11 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 | 20.394 % | £18,354 | £108,354 |
| 3 Month Average | 51.805 % | £46,624 | £136,624 |
| 6 Month Average | 57.524 % | £51,771 | £141,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2024 | £240,000 | £240,000 | 471 REDDINGS LANE |
| 24 Jun 2024 | £200,000 | £200,000 | 114 SPRINGCROFT ROAD |
| 29 Sep 2023 | £209,621 | £205,000 | 104 SPRINGCROFT ROAD |
| 24 Aug 2022 | £211,991 | £211,000 | 77 SPRINGCROFT ROAD |
| 13 May 2022 | £205,350 | £200,000 | 321 SHAFTMOOR LANE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 26 Sep 2015. Using an estimated price of £166,203 means this house is valued at £1,955 per sq meter (£181 per sq foot).
The average size of a house on SPRINGCROFT ROAD is 82 sq meters (885 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Shaftmoor Lane |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Shaftmoor Lane |
| Sep 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Shaftmoor Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shaftmoor Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Shaftmoor Lane |