£218,580
This estimated value is based upon the latest sale price for the house of £220,500 on 27 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 |
---|---|
£220,500 | 27 Jan 2023 |
£134,995 | 15 May 2015 |
Terraced |
Freehold |
Floor Area: 74 sq meters or 796 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 149.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.871%.Applying this -0.871% change to the original purchase price of £220,500 results in an estimated price of approximately £218,580.
27 Jan 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
149.3 | 148.0 | -0.871 % | £220,500 | £-1,919 | £218,580 |
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 | -15.004 % | £-33,083 | £187,416 |
3 Month Average | -0.059 % | £-130 | £220,369 |
6 Month Average | -0.980 % | £-2,159 | £218,340 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Sep 2023 | £182,331 | £180,000 | UNIT 8 SPRING LANE INDUSTRIAL ESTATE SPRING LANE |
11 Sep 2023 | £180,305 | £178,000 | 25 TILDESLEY DRIVE |
27 Jan 2023 | £218,580 | £220,500 | 32 LAKELOT CLOSE |
22 Apr 2022 | £168,887 | £164,000 | 21 ELTER CLOSE |
25 Mar 2022 | £252,859 | £245,000 | 38 SPRING LANE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 16 Mar 2015. Using an estimated price of £218,580 means this house is valued at £2,953 per sq meter (£274 per sq foot).
The average size of a house on LAKELOT CLOSE is 77 sq meters (830 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elter Close |
Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Ashmore Lake Way |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ashmore Lake Way |
Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ashmore Lake Way |
Jan 2024 | Robbery | Under investigation | On or near Ashmore Lake Way |