£266,921
This estimated value is based upon the latest sale price for the house of £250,000 on 26 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £250,000 | 26 Nov 2021 |
| £165,000 | 26 Aug 2020 |
| £135,000 | 3 Jul 2020 |
| £43,000 | 7 Mar 1997 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.769%.Applying this 6.769% change to the original purchase price of £250,000 results in an estimated price of approximately £266,921.
| 26 Nov 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 146.7 | 6.769 % | £250,000 | £16,921 | £266,921 |
The Postcode Pricing Model uses changes in average sales price within the CV3 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 | 218.975 % | £547,438 | £797,438 |
| 3 Month Average | 9.664 % | £24,160 | £274,160 |
| 6 Month Average | -13.340 % | £-33,350 | £216,649 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 10 Jul 2020.
The average size of a house on MILE LANE is 77 sq meters (830 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Hermit'S Croft |
| Mar 2024 | Vehicle crime | Under investigation | On or near Hockett Street |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hockett Street |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Hockett Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near The Martyrs' Close |