£137,654
This estimated value is based upon the latest sale price for the house of £112,250 on 30 Oct 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £112,250 | 30 Oct 2019 |
| £67,000 | 27 Jun 2018 |
| £70,000 | 27 Apr 2018 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 October 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £112,250 results in an estimated price of approximately £137,654.
| 30 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £112,250 | £25,404 | £137,654 |
The Postcode Pricing Model uses changes in average sales price within the WV13 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 | 52.418 % | £58,838 | £171,088 |
| 3 Month Average | 30.783 % | £34,553 | £146,803 |
| 6 Month Average | 25.531 % | £28,658 | £140,908 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £161,500 | £161,500 | 23 NOOSE LANE |
| 24 Nov 2023 | £243,607 | £240,000 | 33 CEDAR ROAD |
| 17 Nov 2023 | £152,254 | £150,000 | 540 WILLENHALL ROAD |
| 29 Jun 2023 | £171,072 | £169,000 | 66 NOOSE LANE |
| 28 Jun 2023 | £121,471 | £120,000 | 46 LOWRY CLOSE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 11 Mar 2014. Using an estimated price of £137,655 means this house is valued at £1,582 per sq meter (£146 per sq foot).
There is one other house on the street which we know the size of, this is 2 HOLMAN ROAD it is 96.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near Holman Road |
| Mar 2024 | Burglary | Under investigation | On or near Lowry Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lowry Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lowry Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lowry Close |