£197,930
This estimated value is based upon the latest sale price for the house of £121,500 on 19 Feb 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Lanchester Road
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Price Paid | Date |
---|---|
£121,500 | 19 Feb 2007 |
£46,000 | 1 Feb 1999 |
Terraced |
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 February 2007 the House Price Index for WEST MIDLANDS was 91.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.906%.Applying this 62.906% change to the original purchase price of £121,500 results in an estimated price of approximately £197,930.
19 Feb 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
91.2 | 148.6 | 62.906 % | £121,500 | £76,430 | £197,930 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 41.898 % | £50,906 | £172,406 |
3 Month Average | 58.474 % | £71,046 | £192,546 |
6 Month Average | 62.760 % | £76,253 | £197,753 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £176,590 | £173,500 | 10 GRANGEMOUTH ROAD |
29 Sep 2023 | £51,190 | £50,535 | 109 MIDDLEMARCH ROAD |
24 Feb 2023 | £249,832 | £250,000 | 103 MIDDLEMARCH ROAD |
16 Nov 2022 | £182,786 | £185,000 | 54 GRANGEMOUTH ROAD |
10 Dec 2021 | £192,848 | £180,000 | 89 GRANGEMOUTH ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 8 Jan 2009. Using an estimated price of £197,930 means this house is valued at £2,827 per sq meter (£262 per sq foot).
The average size of a house on GRANGEMOUTH ROAD is 73 sq meters (793 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Lanchester Road |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Lanchester Road |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Lanchester Road |
Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Lanchester Road |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lanchester Road |