£416,303
This estimated value is based upon the latest sale price for the house of £310,000 on 27 May 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £310,000 | 27 May 2016 |
| Detached |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 2016 the House Price Index for WEST MIDLANDS was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £310,000 results in an estimated price of approximately £416,303.
| 27 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £310,000 | £106,303 | £416,303 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 14.929 % | £46,279 | £356,279 |
| 3 Month Average | 24.393 % | £75,619 | £385,619 |
| 6 Month Average | 36.348 % | £112,679 | £422,679 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £230,919 | £227,500 | 23A HOWLEY GRANGE ROAD |
| 17 Aug 2023 | £252,206 | £250,000 | 193 SPIES LANE |
| 10 Aug 2023 | £418,663 | £415,000 | 208 SPIES LANE |
| 12 Aug 2022 | £316,149 | £317,000 | 201 SPIES LANE |
| 27 May 2022 | £171,226 | £168,000 | 42 LOCKINGTON CROFT |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 28 Jan 2016. Using an estimated price of £416,304 means this house is valued at £3,469 per sq meter (£322 per sq foot).
The average size of a house on SPIES LANE is 87 sq meters (938 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spies Close |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Spies Close |
| Mar 2024 | Robbery | Under investigation | On or near Spies Lane |
| Mar 2024 | Shoplifting | Under investigation | On or near Spies Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Spies Lane |