£621,962
This estimated value is based upon the latest sale price for the house of £327,000 on 1 Sep 2004. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £327,000 | 1 Sep 2004 |
| Detached |
| Freehold |
| Floor Area: 175 sq meters or 1,883 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 September 2004 the House Price Index for WEST MIDLANDS was 77.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 90.203%.Applying this 90.203% change to the original purchase price of £327,000 results in an estimated price of approximately £621,962.
| 1 Sep 2004 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.8 | 148.0 | 90.203 % | £327,000 | £294,962 | £621,962 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 103.209 % | £337,494 | £664,494 |
| 3 Month Average | 49.819 % | £162,908 | £489,908 |
| 6 Month Average | 57.077 % | £186,641 | £513,641 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £855,201 | £850,000 | 15 STOCKWELL ROAD |
| 23 Jan 2023 | £396,517 | £400,000 | 26 KNIGHTS AVENUE |
| 15 Sep 2022 | £360,614 | £365,000 | 42 KNIGHTS AVENUE |
| 30 Jun 2022 | £434,403 | £430,000 | 38 KNIGHTS AVENUE |
| 22 Jun 2022 | £500,068 | £495,000 | 29 TYNINGHAME AVENUE |
This house has a floor area of 175 sq meters or 1,883 sq feet when measured on 29 Jan 2016. Using an estimated price of £621,962 means this house is valued at £3,554 per sq meter (£330 per sq foot).
The average size of a house on LOTHIANS ROAD is 196 sq meters (2,118 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lothians Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lothians Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Love Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Love Lane |
| Apr 2024 | Burglary | Under investigation | On or near Tyninghame Avenue |