£167,765
This estimated value is based upon the latest sale price for the house of £135,000 on 19 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £135,000 | 19 Dec 2018 |
| £124,999 | 28 Nov 2013 |
| £138,950 | 5 Nov 2004 |
| £55,000 | 11 Dec 1998 |
| £55,500 | 6 Nov 1998 |
| £48,500 | 31 May 1996 |
| £28,000 | 21 Jul 1995 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £135,000 results in an estimated price of approximately £167,765.
| 19 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £135,000 | £32,765 | £167,765 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 104.054 % | £140,473 | £275,473 |
| 3 Month Average | 26.973 % | £36,414 | £171,414 |
| 6 Month Average | 30.246 % | £40,832 | £175,832 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £154,933 | £151,000 | 43 LARCHES LANE |
| 26 Oct 2023 | £161,672 | £158,000 | 28 RUPERT STREET |
| 20 Oct 2023 | £194,416 | £190,000 | 30 RUPERT STREET |
| 4 Aug 2023 | £193,490 | £190,000 | THE HOLLIES, 18 LARCHES LANE |
| 3 Jan 2023 | £228,109 | £227,500 | 8 LARCHES LANE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 20 Apr 2013. Using an estimated price of £167,766 means this house is valued at £1,997 per sq meter (£185 per sq foot).
The average size of a house on LARCHES LANE is 103 sq meters (1,109 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Larches Lane |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Larches Lane |
| Jul 2024 | Anti-social behaviour | On or near Larches Lane | |
| Jun 2024 | Anti-social behaviour | On or near Larches Lane | |
| Jun 2024 | Anti-social behaviour | On or near Larches Lane |