£1,484,316
This estimated value is based upon the latest sale price for the house of £245,000 on 5 Jan 2024. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £245,000 | 5 Jan 2024 |
| £124,000 | 31 Jan 2018 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,205 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 2024 the House Price Index for WEST MIDLANDS was 24.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 505.844%.Applying this 505.844% change to the original purchase price of £245,000 results in an estimated price of approximately £1,484,316.
| 5 Jan 2024 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 148.0 | 505.844 % | £245,000 | £1,239,316 | £1,484,316 |
The Postcode Pricing Model uses changes in average sales price within the B23 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 | -19.940 % | £-48,851 | £196,148 |
| 3 Month Average | 15.594 % | £38,205 | £283,205 |
| 6 Month Average | -3.227 % | £-7,907 | £237,092 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jan 2022 | £205,439 | £196,000 | 310 MARSH LANE |
| 20 Dec 2021 | £330,786 | £310,000 | 181 RESERVOIR ROAD |
| 24 Nov 2021 | £154,571 | £143,500 | 154 RESERVOIR ROAD |
| 27 Oct 2020 | £68,932 | £59,000 | FLAT 2 6 LAMBOURN ROAD |
| 10 Aug 2020 | £161,220 | £135,000 | 16 BARNET ROAD |
This house has a floor area of 112 sq meters or 1,205 sq feet when measured on 14 Dec 2018.
The average size of a house on MARSH LANE is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Local resolution | On or near Parking Area |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Apr 2024 | Robbery | Awaiting court outcome | On or near Parking Area |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Apr 2024 | Robbery | Unable to prosecute suspect | On or near Parking Area |