£419,922
This estimated value is based upon the latest sale price for the house of £337,000 on 24 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £337,000 | 24 Aug 2018 |
| £186,000 | 28 Jan 2003 |
| Detached |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 August 2018 the House Price Index for WEST MIDLANDS was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £337,000 results in an estimated price of approximately £419,922.
| 24 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £337,000 | £82,922 | £419,922 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | -40.640 % | £-136,955 | £200,044 |
| 3 Month Average | 7.108 % | £23,953 | £360,953 |
| 6 Month Average | 51.105 % | £172,222 | £509,222 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Oct 2024 | £326,000 | £326,000 | 24 VICARAGE ROAD |
| 10 May 2024 | £370,000 | £370,000 | 5 VICARAGE ROAD |
| 19 Dec 2023 | £319,828 | £310,000 | 50 LEA MANOR DRIVE |
| 15 Dec 2023 | £361,096 | £350,000 | 448 PENN ROAD |
| 29 Sep 2023 | £332,326 | £325,000 | 56 LEA MANOR DRIVE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 11 May 2018. Using an estimated price of £419,922 means this house is valued at £4,284 per sq meter (£398 per sq foot).
The average size of a house on LEA MANOR DRIVE is 113 sq meters (1,222 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near The Avenue |