£186,227
This estimated value is based upon the latest sale price for the house of £145,000 on 3 Jul 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £145,000 | 3 Jul 2017 |
| £45,500 | 22 Feb 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2017 the House Price Index for WEST MIDLANDS was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £145,000 results in an estimated price of approximately £186,227.
| 3 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £145,000 | £41,227 | £186,227 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 93.776 % | £135,974 | £280,974 |
| 3 Month Average | 42.751 % | £61,988 | £206,988 |
| 6 Month Average | 44.776 % | £64,925 | £209,925 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £247,609 | £240,000 | 101 STANLEY ROAD |
| 24 Nov 2023 | £415,548 | £405,000 | 4 HEATH LANE |
| 27 Oct 2023 | £266,042 | £260,000 | 104 BEXLEY GROVE |
| 18 Sep 2023 | £273,530 | £267,500 | 5 EBRINGTON ROAD |
| 21 Jun 2023 | £265,317 | £260,000 | 20 EBRINGTON ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 4 Jun 2015. Using an estimated price of £186,227 means this house is valued at £2,271 per sq meter (£210 per sq foot).
The average size of a house on HEATH LANE is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near A4031 | |
| Aug 2024 | Anti-social behaviour | On or near A4031 | |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arlington Road |
| Oct 2024 | Burglary | Unable to prosecute suspect | On or near Bexley Grove |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bexley Grove |