£333,671
This estimated value is based upon the latest sale price for the house of £275,000 on 10 Mar 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £275,000 | 10 Mar 2020 |
| Freehold |
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 March 2020 the House Price Index for WEST MIDLANDS was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £275,000 results in an estimated price of approximately £333,671.
| 10 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 149.7 | 21.335 % | £275,000 | £58,671 | £333,671 |
The Postcode Pricing Model uses changes in average sales price within the WS9 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 | 50.490 % | £138,847 | £413,847 |
| 3 Month Average | 13.284 % | £36,531 | £311,531 |
| 6 Month Average | 14.672 % | £40,347 | £315,347 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jul 2024 | £195,000 | £195,000 | 5 LICHFIELD ROAD |
| 16 Jun 2023 | £397,975 | £390,000 | 55 BROOK LANE |
| 3 Mar 2023 | £584,766 | £575,000 | 73 BROOK LANE |
| 6 Jan 2023 | £94,753 | £94,500 | FLAT 4 PRIORY COURT, 56 LICHFIELD ROAD |
| 22 Mar 2022 | £7,829 | £7,500 | 52 LICHFIELD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Brook Lane |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Brook Lane |