£155,000
This estimated value is based upon the latest sale price for the house of £87,000 on 7 Aug 2009. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £87,000 | 7 Aug 2009 |
| £87,000 | 7 Aug 2009 |
| £30,000 | 5 Sep 2000 |
| 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 August 2009 the House Price Index for WEST MIDLANDS was 82.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 78.161%.Applying this 78.161% change to the original purchase price of £87,000 results in an estimated price of approximately £155,000.
| 7 Aug 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.3 | 146.7 | 78.161 % | £87,000 | £68,000 | £155,000 |
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 | 86.470 % | £75,228 | £162,228 |
| 3 Month Average | 83.743 % | £72,856 | £159,856 |
| 6 Month Average | 79.836 % | £69,457 | £156,457 |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 19 Nov 2019.
The average size of a house on GIPSY LANE is 92 sq meters (1,000 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wakes Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Gipsy Lane |
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Gipsy Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gipsy Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Gipsy Lane |