£415,548
This estimated value is based upon the latest sale price for the house of £405,000 on 24 Nov 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £405,000 | 24 Nov 2023 |
| £246,000 | 28 Aug 2015 |
| £250,000 | 4 Aug 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 196 sq meters or 2,109 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 November 2023 the House Price Index for WEST MIDLANDS was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £405,000 results in an estimated price of approximately £415,548.
| 24 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £405,000 | £10,548 | £415,548 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 100.000 % | £405,000 | £810,000 |
| 3 Month Average | -2.006 % | £-8,125 | £396,874 |
| 6 Month Average | -9.409 % | £-38,107 | £366,892 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £247,609 | £240,000 | 101 STANLEY ROAD |
| 24 Nov 2023 | £415,548 | £405,000 | 4 HEATH LANE |
| 27 Oct 2023 | £266,042 | £260,000 | 104 BEXLEY GROVE |
| 2 Jun 2023 | £290,828 | £285,000 | 120 STANLEY ROAD |
| 24 Feb 2023 | £248,661 | £247,000 | 53 ALTON GROVE |
This house has a floor area of 196 sq meters or 2,109 sq feet when measured on 19 Nov 2013. Using an estimated price of £415,548 means this house is valued at £2,120 per sq meter (£196 per sq foot).
The average size of a house on HEATH LANE is 97 sq meters (1,048 sq feet).
This house is the largest in the street with a floor area of 196 sq meters (2,109 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near A4031 | |
| Aug 2024 | Anti-social behaviour | On or near A4031 | |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Bexley Grove |
| Oct 2024 | Burglary | Unable to prosecute suspect | On or near Bexley Grove |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Arlington Road |