£249,920
This estimated value is based upon the latest sale price for the house of £207,500 on 18 Mar 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £207,500 | 18 Mar 2020 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 March 2020 the House Price Index for WEST MIDLANDS was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £207,500 results in an estimated price of approximately £249,920.
| 18 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £207,500 | £42,420 | £249,920 |
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 | 27.470 % | £56,999 | £264,499 |
| 3 Month Average | 29.495 % | £61,201 | £268,701 |
| 6 Month Average | 27.025 % | £56,077 | £263,577 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £304,508 | £300,000 | 205 LONG LANE |
| 4 Jul 2023 | £213,879 | £211,000 | 187 LONG LANE |
| 24 Mar 2023 | £75,713 | £75,000 | FLAT 7 MANSION COURT LONG LANE |
| 11 Jul 2022 | £290,783 | £290,000 | 231A LONG LANE |
| 28 Mar 2022 | £264,247 | £255,000 | 142 GREENHILL ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 20 Mar 2019. Using an estimated price of £249,921 means this house is valued at £2,658 per sq meter (£247 per sq foot).
The average size of a house on LONG LANE is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Sports/Recreation Area |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near New England |
| Feb 2024 | Anti-social behaviour | On or near New England | |
| Feb 2024 | Anti-social behaviour | On or near New England |