£305,529
This estimated value is based upon the latest sale price for the house of £230,000 on 22 Sep 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £230,000 | 22 Sep 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 2016 the House Price Index for WEST MIDLANDS was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £230,000 results in an estimated price of approximately £305,529.
| 22 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £230,000 | £75,529 | £305,529 |
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 | 80.688 % | £185,583 | £415,583 |
| 3 Month Average | 27.334 % | £62,867 | £292,867 |
| 6 Month Average | 30.019 % | £69,042 | £299,042 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Feb 2023 | £174,882 | £175,000 | 26 BROMFIELD COURT |
| 19 Aug 2022 | £259,302 | £260,000 | 6 WOODLAND AVENUE |
| 12 Aug 2022 | £199,463 | £200,000 | 82 THE CRESCENT |
| 13 May 2022 | £161,034 | £158,000 | 24 BROMFIELD COURT |
| 25 Mar 2022 | £207,252 | £200,000 | 2 TANFIELD CLOSE |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 21 Aug 2014. Using an estimated price of £305,530 means this house is valued at £2,483 per sq meter (£230 per sq foot).
The average size of a house on SHAW LANE is 160 sq meters (1,722 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Parking Area |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Tanfield Close |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Kirstead Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near School Road |
| Dec 2023 | Other theft | Unable to prosecute suspect | On or near School Road |