2 SPRING LANE

£313,639

Full Address

2 SPRING LANE
WILLENHALL
WEST MIDLANDS
UNITED KINGDOM
WV12 4JH

Estimated Market Value

£313,639

This estimated value is based upon the latest sale price for the house of £236,495 on 29 Jul 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1

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Transactions for this house
Price PaidDate
£236,49529 Jul 2016
£188,00015 Jun 2016
House Details
Detached
Freehold
Floor Area: 106 sq meters or 1,140 sq feet

House Price Models

Land Registry House Price Index Model

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 Apr 2024 is 148.0 which is a change of 32.620%.

Applying this 32.620% change to the original purchase price of £236,495 results in an estimated price of approximately £313,639.

29 Jul 2016 1 Apr 2024 % change Purchase Price Gain / Loss Estimated Price
111.6 148.0 32.620 % £236,495 £77,144 £313,639

The Postcode Pricing Model uses changes in average sales price within the WV12 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 8.644 % £20,442 £256,937
3 Month Average 40.029 % £94,667 £331,162
6 Month Average 35.261 % £83,391 £319,886
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
12 Apr 2024 £225,000 £225,000 1 LUCKNOW ROAD
1 Aug 2023 £155,948 £155,000 105 RAVENSCROFT ROAD
26 Jun 2023 £332,950 £330,250 23 ELTER CLOSE
2 Jun 2023 £133,583 £132,500 37 ASHMORE LAKE ROAD
6 Apr 2023 £187,393 £186,000 59 ASHMORE LAKE ROAD

Show these sales on a map

House Size

This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 10 May 2016. Using an estimated price of £313,640 means this house is valued at £2,958 per sq meter (£274 per sq foot).

The average size of a house on SPRING LANE is 90 sq meters (975 sq feet).

Recent Crimes Near Here
DateCrimeOutcomeWhere
Jan 2024 Violence and sexual offences Unable to prosecute suspect On or near Elter Close
Feb 2024 Vehicle crime Investigation complete; no suspect identified On or near Ashmore Lake Road
Jan 2024 Violence and sexual offences Unable to prosecute suspect On or near Ashmore Lake Road
Jan 2024 Vehicle crime Investigation complete; no suspect identified On or near Ashmore Lake Road
Apr 2024 Violence and sexual offences Unable to prosecute suspect On or near Magnolia Grove

View full details of these crimes and others in this area

Companies Near Here
TRYST BREWING LTD.
2h Pitt Terrace Stirling Scotland FK8 2EX
MILLAR HOLDINGS LTD
2h Pitt Terrace Stirling Scotland FK8 2EX
PORTAL CREATIVE LTD
2h Pitt Terrace Stirling Scotland FK8 2EX
PORTAL TECHNOLOGIES LTD
2h Pitt Terrace Stirling Scotland FK8 2EX
SMARTY PARTY LTD
75 Port Street Stirling Stirlingshire FK8 2ER

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People Near Here
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1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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