£226,288
This estimated value is based upon the latest sale price for the house of £185,000 on 22 May 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been three burglaries within the last year on or near Supermarket
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| Price Paid | Date |
|---|---|
| £185,000 | 22 May 2020 |
| £54,000 | 28 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 May 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.318%.Applying this 22.318% change to the original purchase price of £185,000 results in an estimated price of approximately £226,288.
| 22 May 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.318 % | £185,000 | £41,288 | £226,288 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | -1.901 % | £-3,516 | £181,483 |
| 3 Month Average | -0.931 % | £-1,722 | £183,277 |
| 6 Month Average | 13.022 % | £24,090 | £209,090 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £229,007 | £225,000 | 33 LUMSDEN CLOSE |
| 27 Mar 2023 | £201,902 | £200,000 | 524 HENLEY ROAD |
| 15 Mar 2023 | £255,406 | £253,000 | 20 NEWTON CLOSE |
| 8 Mar 2023 | £146,379 | £145,000 | 183 WOODWAY LANE |
| 4 Apr 2022 | £169,917 | £165,000 | 22 WOODWAY CLOSE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 30 Nov 2015. Using an estimated price of £226,288 means this house is valued at £2,662 per sq meter (£247 per sq foot).
The average size of a house on WOODWAY LANE is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Under investigation | On or near Supermarket |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Supermarket |
| Jan 2024 | Burglary | Under investigation | On or near Supermarket |
| Jan 2024 | Burglary | Under investigation | On or near Supermarket |
| Dec 2023 | Burglary | Under investigation | On or near Supermarket |