£98,230
This estimated value is based upon the latest sale price for the house of £75,000 on 1 Feb 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £75,000 | 1 Feb 2017 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 February 2017 the House Price Index for WEST MIDLANDS was 114.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.973%.Applying this 30.973% change to the original purchase price of £75,000 results in an estimated price of approximately £98,230.
| 1 Feb 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 149.7 | 30.973 % | £75,000 | £23,230 | £98,230 |
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 | 56.378 % | £42,283 | £117,283 |
| 3 Month Average | 63.217 % | £47,412 | £122,412 |
| 6 Month Average | 41.375 % | £31,031 | £106,031 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £189,170 | £185,000 | 24 LYTTLETON AVENUE |
| 7 Jun 2023 | £87,759 | £86,000 | 243 LONG LANE |
| 30 Jan 2023 | £246,659 | £246,000 | 16A LYTTLETON AVENUE |
| 23 Jan 2023 | £139,372 | £139,000 | 261 LONG LANE |
| 11 Jul 2022 | £292,935 | £290,000 | 231A LONG LANE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 5 Dec 2016. Using an estimated price of £98,230 means this house is valued at £1,116 per sq meter (£103 per sq foot).
The average size of a house on LONG LANE is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Springfield Drive |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springfield Drive |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Greenhill Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hill Top Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hill Top Avenue |