£117,997
This estimated value is based upon the latest sale price for the house of £36,000 on 27 Sep 2001. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £36,000 | 27 Sep 2001 |
| £24,000 | 13 Feb 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 September 2001 the House Price Index for WEST MIDLANDS was 45.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 227.771%.Applying this 227.771% change to the original purchase price of £36,000 results in an estimated price of approximately £117,997.
| 27 Sep 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 148.6 | 227.771 % | £36,000 | £81,997 | £117,997 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | 124.875 % | £44,954 | £80,954 |
| 3 Month Average | 236.397 % | £85,102 | £121,102 |
| 6 Month Average | 270.043 % | £97,215 | £133,215 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £103,321 | £102,000 | 154 STOWHEATH LANE |
| 11 Sep 2023 | £431,517 | £426,000 | HAGAR HOUSE HICKMAN AVENUE |
| 14 Jul 2023 | £179,415 | £177,000 | 126 STOWHEATH LANE |
| 6 Apr 2023 | £141,524 | £140,000 | 66 STOWHEATH LANE |
| 3 Mar 2023 | £131,236 | £130,000 | 108 STOWHEATH LANE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 23 Feb 2015. Using an estimated price of £117,998 means this house is valued at £1,685 per sq meter (£156 per sq foot).
The average size of a house on STOWHEATH LANE is 84 sq meters (904 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Laburnum Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Laburnum Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hawthorn Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lilac Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lilac Road |