£319,773
This estimated value is based upon the latest sale price for the house of £235,000 on 24 Mar 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £235,000 | 24 Mar 2016 |
| £235,000 | 24 Mar 2016 |
| Terraced |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 2016 the House Price Index for WEST MIDLANDS was 110.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 36.074%.Applying this 36.074% change to the original purchase price of £235,000 results in an estimated price of approximately £319,773.
| 24 Mar 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 149.7 | 36.074 % | £235,000 | £84,773 | £319,773 |
The Postcode Pricing Model uses changes in average sales price within the B17 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 | 5.702 % | £13,400 | £248,400 |
| 3 Month Average | 10.348 % | £24,317 | £259,317 |
| 6 Month Average | 9.721 % | £22,844 | £257,844 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Mar 2023 | £79,325 | £78,000 | FLAT 5 127A METCHLEY LANE |
| 20 Jan 2023 | £226,605 | £226,000 | 169 METCHLEY LANE |
| 21 Feb 2022 | £258,832 | £245,000 | 58 HUMPHREY MIDDLEMORE DRIVE |
| 1 Nov 2021 | £168,876 | £155,000 | FLAT 4 6 OLD ABBEY GARDENS |
| 2 Nov 2020 | £332,862 | £285,000 | 35 WOODLEIGH AVENUE |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 15 Jul 2014. Using an estimated price of £319,773 means this house is valued at £4,207 per sq meter (£390 per sq foot).
The average size of a house on METCHLEY LANE is 99 sq meters (1,074 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Metchley Court |
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Metchley Court |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Griffin Gardens |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Griffin Gardens |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Griffin Gardens |