£162,205
This estimated value is based upon the latest sale price for the house of £32,500 on 10 Oct 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £32,500 | 10 Oct 1997 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 October 1997 the House Price Index for WEST MIDLANDS was 30.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 399.095%.Applying this 399.095% change to the original purchase price of £32,500 results in an estimated price of approximately £162,205.
| 10 Oct 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 149.7 | 399.095 % | £32,500 | £129,705 | £162,205 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 373.969 % | £121,540 | £154,040 |
| 3 Month Average | 393.422 % | £127,862 | £160,362 |
| 6 Month Average | 403.426 % | £131,113 | £163,613 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £112,865 | £110,000 | 95 SMITH STREET |
| 30 Jun 2023 | £357,157 | £350,000 | 40 RED LANE |
| 21 Mar 2023 | £150,514 | £148,000 | 31 SMITH STREET |
| 17 Feb 2023 | £161,076 | £160,000 | 50 SMITH STREET |
| 19 Jan 2023 | £265,710 | £265,000 | 20 RED LANE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 4 Aug 2016. Using an estimated price of £162,206 means this house is valued at £1,689 per sq meter (£156 per sq foot).
The average size of a house on RED LANE is 82 sq meters (884 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Edward Street |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Henrietta Street |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Henrietta Street |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Henrietta Street |
| May 2024 | Violence and sexual offences | Under investigation | On or near Henrietta Street |