£226,073
This estimated value is based upon the latest sale price for the house of £195,000 on 26 Nov 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £195,000 | 26 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 November 2020 the House Price Index for WEST MIDLANDS was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £195,000 results in an estimated price of approximately £226,073.
| 26 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £195,000 | £31,073 | £226,073 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | -1.637 % | £-3,192 | £191,807 |
| 3 Month Average | -6.198 % | £-12,086 | £182,913 |
| 6 Month Average | 6.611 % | £12,890 | £207,890 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £150,000 | £150,000 | 162 ALDERMANS GREEN ROAD |
| 8 Dec 2023 | £330,788 | £325,000 | 2 LUCERNE CLOSE |
| 10 Nov 2023 | £263,907 | £260,000 | 33 LUCERNE CLOSE |
| 11 Sep 2023 | £303,885 | £300,000 | 196 ALDERMANS GREEN ROAD |
| 31 Jul 2023 | £283,820 | £280,000 | 64 ALDERMANS GREEN ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 12 Sep 2018. Using an estimated price of £226,074 means this house is valued at £2,540 per sq meter (£235 per sq foot).
The average size of a house on LUCERNE CLOSE is 110 sq meters (1,191 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lucerne Close |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Co-Operative Street |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Co-Operative Street |
| Mar 2024 | Burglary | Under investigation | On or near Sandpiper Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sandpiper Road |