£337,252
This estimated value is based upon the latest sale price for the house of £343,000 on 23 Jan 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £343,000 | 23 Jan 2023 |
| £137,250 | 14 Sep 2001 |
| Detached |
| Freehold |
| Floor Area: 162 sq meters or 1,745 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 January 2023 the House Price Index for WEST MIDLANDS was 149.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.676%.Applying this -1.676% change to the original purchase price of £343,000 results in an estimated price of approximately £337,252.
| 23 Jan 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.2 | 146.7 | -1.676 % | £343,000 | £-5,747 | £337,252 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 24.882 % | £85,344 | £428,344 |
| 3 Month Average | 0.378 % | £1,295 | £344,295 |
| 6 Month Average | -2.623 % | £-8,996 | £334,003 |
This house has a floor area of 162 sq meters or 1,745 sq feet when measured on 25 Jan 2012.
The average size of a house on LICHFIELD ROAD is 96 sq meters (1,042 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Petrol Station |
| Feb 2024 | Anti-social behaviour | On or near Petrol Station | |
| Feb 2024 | Anti-social behaviour | On or near Petrol Station | |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Petrol Station |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Petrol Station |