£308,529
This estimated value is based upon the latest sale price for the house of £230,000 on 27 Jul 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,000 | 27 Jul 2016 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 July 2016 the House Price Index for WEST MIDLANDS was 111.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.143%.Applying this 34.143% change to the original purchase price of £230,000 results in an estimated price of approximately £308,529.
| 27 Jul 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 149.7 | 34.143 % | £230,000 | £78,529 | £308,529 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 68.283 % | £157,050 | £387,050 |
| 3 Month Average | 42.773 % | £98,378 | £328,378 |
| 6 Month Average | 51.264 % | £117,907 | £347,907 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £277,032 | £270,000 | 93 MAY LANE |
| 8 Sep 2023 | £243,365 | £238,000 | 146 MAY LANE |
| 28 Apr 2023 | £183,431 | £180,000 | 148 MAY LANE |
| 28 Apr 2023 | £310,813 | £305,000 | 140 MAY LANE |
| 23 Mar 2023 | £264,416 | £260,000 | 79 MAY LANE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 22 May 2015. Using an estimated price of £308,530 means this house is valued at £3,506 per sq meter (£325 per sq foot).
The average size of a house on MAY LANE is 100 sq meters (1,082 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near May Lane |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fir Grove |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fir Grove |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ardley Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ardley Road |