£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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| Price Paid | Date |
|---|---|
| £236,495 | 29 Jul 2016 |
| £188,000 | 15 Jun 2016 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,140 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 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 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2023 | £155,948 | £155,000 | 105 RAVENSCROFT ROAD |
| 2 Jun 2023 | £133,583 | £132,500 | 37 ASHMORE LAKE ROAD |
| 6 Apr 2023 | £188,024 | £186,000 | 59 ASHMORE LAKE ROAD |
| 27 Jan 2023 | £218,580 | £220,500 | 32 LAKELOT CLOSE |
| 29 Jul 2022 | £184,750 | £185,000 | 117 RAVENSCROFT ROAD |
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 £314,911 means this house is valued at £2,970 per sq meter (£276 per sq foot).
The average size of a house on SPRING LANE is 90 sq meters (975 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| 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 |