£145,717
This estimated value is based upon the latest sale price for the house of £30,000 on 12 Jan 1998. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £30,000 | 12 Jan 1998 |
| Terraced |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 January 1998 the House Price Index for WEST MIDLANDS was 30.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 385.724%.Applying this 385.724% change to the original purchase price of £30,000 results in an estimated price of approximately £145,717.
| 12 Jan 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.8 | 149.7 | 385.724 % | £30,000 | £115,717 | £145,717 |
The Postcode Pricing Model uses changes in average sales price within the B36 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 | 327.143 % | £98,142 | £128,142 |
| 3 Month Average | 214.666 % | £64,399 | £94,399 |
| 6 Month Average | 240.808 % | £72,242 | £102,242 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Oct 2024 | £210,000 | £210,000 | 274 LANCHESTER WAY |
| 25 Mar 2024 | £152,341 | £150,000 | 258 LANCHESTER WAY |
| 28 Apr 2023 | £254,765 | £250,000 | 276 LANCHESTER WAY |
| 17 Mar 2023 | £167,802 | £165,000 | 28 ROVER DRIVE |
| 10 Feb 2023 | £241,614 | £240,000 | 268 LANCHESTER WAY |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 29 May 2014. Using an estimated price of £145,717 means this house is valued at £1,694 per sq meter (£157 per sq foot).
The average size of a house on ROVER DRIVE is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elva Croft |
| Oct 2024 | Anti-social behaviour | On or near Elva Croft | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Daimler Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Daimler Close |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Daimler Close |