£111,755
This estimated value is based upon the latest sale price for the house of £65,500 on 11 Apr 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£65,500 | 11 Apr 2012 |
Flats/Maisonettes |
Leasehold |
Floor Area: 74 sq meters or 801 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 April 2012 the House Price Index for WEST MIDLANDS was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.620%.Applying this 70.620% change to the original purchase price of £65,500 results in an estimated price of approximately £111,755.
11 Apr 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.1 | 148.6 | 70.620 % | £65,500 | £46,255 | £111,755 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | 25.444 % | £16,665 | £82,165 |
3 Month Average | 69.156 % | £45,297 | £110,797 |
6 Month Average | 64.007 % | £41,924 | £107,424 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £85,750 | £85,000 | 14 LOMAS DRIVE |
30 Jun 2023 | £313,801 | £310,000 | 119 FRANKLEY BEECHES ROAD |
26 Jun 2023 | £80,981 | £80,000 | 22 LOMAS DRIVE |
9 Jun 2023 | £253,065 | £250,000 | 115 FRANKLEY BEECHES ROAD |
3 Apr 2023 | £106,143 | £105,000 | 16 LOMAS DRIVE |
This house has a floor area of 74 sq meters or 801 sq feet when measured on 13 Jan 2012. Using an estimated price of £111,756 means this house is valued at £1,500 per sq meter (£139 per sq foot).
The average size of a house on LOMAS DRIVE is 68 sq meters (732 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near Lomas Drive |
Mar 2024 | Shoplifting | Under investigation | On or near Lomas Drive |
Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near Lomas Drive |
Mar 2024 | Robbery | Unable to prosecute suspect | On or near Lomas Drive |
Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lomas Drive |