£155,774
This estimated value is based upon the latest sale price for the house of £117,500 on 27 May 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Mill Race Lane
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| Price Paid | Date |
|---|---|
| £117,500 | 27 May 2016 |
| £94,750 | 23 Jun 2005 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 May 2016 the House Price Index for WEST MIDLANDS was 110.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 32.574%.Applying this 32.574% change to the original purchase price of £117,500 results in an estimated price of approximately £155,774.
| 27 May 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 146.7 | 32.574 % | £117,500 | £38,274 | £155,774 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 28.069 % | £32,981 | £150,481 |
| 3 Month Average | 32.639 % | £38,351 | £155,851 |
| 6 Month Average | 37.376 % | £43,916 | £161,416 |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 20 Nov 2015.
The average size of a house on MILL RACE LANE is 94 sq meters (1,020 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Burglary | Under investigation | On or near Mill Race Lane |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Mill Race Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Parking Area |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |