£291,673
This estimated value is based upon the latest sale price for the house of £225,000 on 18 May 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 18 May 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 May 2017 the House Price Index for WEST MIDLANDS was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £225,000 results in an estimated price of approximately £291,673.
| 18 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £225,000 | £66,673 | £291,673 |
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 | 66.865 % | £150,447 | £375,447 |
| 3 Month Average | 45.518 % | £102,414 | £327,414 |
| 6 Month Average | 50.815 % | £114,334 | £339,334 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £177,500 | £177,500 | 89 NARROW LANE |
| 8 Dec 2023 | £226,974 | £220,000 | 13 FIRTH DRIVE |
| 20 Oct 2023 | £250,694 | £245,000 | 76 FIRTH PARK CRESCENT |
| 13 Oct 2023 | £182,137 | £178,000 | 44B MASTERS LANE |
| 29 Sep 2023 | £327,213 | £320,000 | 127 NARROW LANE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 6 Feb 2017. Using an estimated price of £291,674 means this house is valued at £2,976 per sq meter (£276 per sq foot).
The average size of a house on NARROW LANE is 98 sq meters (1,064 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Spiral Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Spiral Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spiral Close |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Moray Close |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Moray Close |