£100,468
This estimated value is based upon the latest sale price for the house of £55,000 on 16 Sep 2005. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £55,000 | 16 Sep 2005 |
| £24,000 | 27 Mar 1997 |
| Terraced |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 2005 the House Price Index for WEST MIDLANDS was 81.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.671%.Applying this 82.671% change to the original purchase price of £55,000 results in an estimated price of approximately £100,468.
| 16 Sep 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.3 | 148.6 | 82.671 % | £55,000 | £45,468 | £100,468 |
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 | 52.652 % | £28,958 | £83,958 |
| 3 Month Average | 54.422 % | £29,932 | £84,932 |
| 6 Month Average | 74.370 % | £40,903 | £95,903 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £180,305 | £178,000 | 79 MALT MILL LANE |
| 1 Sep 2023 | £184,357 | £182,000 | 54 MALT MILL LANE |
| 9 Aug 2023 | £232,030 | £230,000 | J C M CONTRACTS LTD VICTORIA ROAD |
| 28 Jun 2023 | £133,619 | £132,000 | 34 HOPE STREET |
| 13 Jan 2023 | £174,180 | £175,000 | 109 OLIVE HILL ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 9 Sep 2019. Using an estimated price of £100,469 means this house is valued at £1,932 per sq meter (£179 per sq foot).
The average size of a house on MALT MILL LANE is 80 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Malt Mill Lane |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Malt Mill Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Malt Mill Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Malt Mill Lane |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Malt Mill Lane |