£208,116
This estimated value is based upon the latest sale price for the house of £160,000 on 1 Nov 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £160,000 | 1 Nov 2016 |
| £65,000 | 22 Jan 1999 |
| Detached |
| Freehold |
| Floor Area: 106 sq meters or 1,149 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 November 2016 the House Price Index for WEST MIDLANDS was 112.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.073%.Applying this 30.073% change to the original purchase price of £160,000 results in an estimated price of approximately £208,116.
| 1 Nov 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 146.7 | 30.073 % | £160,000 | £48,116 | £208,116 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | 40.485 % | £64,775 | £224,775 |
| 3 Month Average | 39.294 % | £62,871 | £222,871 |
| 6 Month Average | 50.547 % | £80,875 | £240,875 |
This house has a floor area of 106 sq meters or 1,149 sq feet when measured on 19 Jul 2010.
The average size of a house on OLD FALLINGS LANE is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near The Riddings |
| Mar 2024 | Robbery | Under investigation | On or near Wolseley Close |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wolseley Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Wolseley Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Croft Lane |