£109,510
This estimated value is based upon the latest sale price for the house of £36,000 on 27 Mar 2002. 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 Mar 2002 |
| £28,000 | 9 Aug 1999 |
| £26,000 | 29 Jun 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 398 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 March 2002 the House Price Index for WEST MIDLANDS was 49.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 204.197%.Applying this 204.197% change to the original purchase price of £36,000 results in an estimated price of approximately £109,510.
| 27 Mar 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 149.7 | 204.197 % | £36,000 | £73,510 | £109,510 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 457.502 % | £164,700 | £200,700 |
| 3 Month Average | 208.063 % | £74,902 | £110,902 |
| 6 Month Average | 191.848 % | £69,065 | £105,065 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £113,748 | £112,000 | 12A LEA ROAD |
| 30 Oct 2023 | £204,648 | £200,000 | 23 LEA ROAD |
| 28 Feb 2022 | £76,065 | £72,000 | 5 THE OAKLANDS |
| 25 Feb 2022 | £192,803 | £182,500 | 10 LEA ROAD |
| 5 Jan 2022 | £113,441 | £107,000 | 2 LEA ROAD |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 4 Jun 2018. Using an estimated price of £109,511 means this house is valued at £2,959 per sq meter (£274 per sq foot).
The average size of a house on OAKLANDS ROAD is 115 sq meters (1,241 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oaklands Road |
| May 2024 | Other crime | Offender given a caution | On or near Oaklands Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oaklands Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oaklands Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oaklands Road |