£343,198
This estimated value is based upon the latest sale price for the house of £269,950 on 2 Oct 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £269,950 | 2 Oct 2017 |
| £210,000 | 30 Jun 2004 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 October 2017 the House Price Index for WEST MIDLANDS was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £269,950 results in an estimated price of approximately £343,198.
| 2 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £269,950 | £73,248 | £343,198 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 45.525 % | £122,894 | £392,844 |
| 3 Month Average | 41.348 % | £111,619 | £381,569 |
| 6 Month Average | 47.438 % | £128,057 | £398,007 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £125,000 | £125,000 | FLAT 31 PEGASUS COURT SPIES LANE |
| 21 Mar 2024 | £151,325 | £149,000 | FLAT 29 PEGASUS COURT SPIES LANE |
| 15 Mar 2024 | £281,830 | £277,500 | 122 SPIES LANE |
| 13 Dec 2023 | £146,502 | £142,000 | 3 SHENSTONE FLATS |
| 18 Aug 2023 | £361,520 | £355,000 | 117 SPIES LANE |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 26 Apr 2017. Using an estimated price of £343,199 means this house is valued at £3,091 per sq meter (£287 per sq foot).
The average size of a house on SPIES LANE is 86 sq meters (933 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Supermarket |
| Sep 2024 | Shoplifting | Unable to prosecute suspect | On or near Supermarket |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |
| Sep 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Supermarket |