£118,812
This estimated value is based upon the latest sale price for the house of £50,000 on 12 Jun 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £50,000 | 12 Jun 2003 |
| £40,000 | 11 Apr 2003 |
| £31,000 | 20 Dec 2002 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 June 2003 the House Price Index for WEST MIDLANDS was 63.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 137.625%.Applying this 137.625% change to the original purchase price of £50,000 results in an estimated price of approximately £118,812.
| 12 Jun 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 63.0 | 149.7 | 137.625 % | £50,000 | £68,812 | £118,812 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | 105.761 % | £52,880 | £102,880 |
| 3 Month Average | 148.115 % | £74,057 | £124,057 |
| 6 Month Average | 161.534 % | £80,767 | £130,767 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Sep 2024 | £140,000 | £140,000 | 179 CANNOCK ROAD |
| 20 Oct 2023 | £255,810 | £250,000 | 1 SILVERDALE DRIVE |
| 12 Apr 2023 | £49,424 | £48,500 | 24 NINE ELMS LANE |
| 17 Mar 2023 | £132,208 | £130,000 | 43 STRATTON STREET |
| 27 Feb 2023 | £118,794 | £118,000 | 6 COLATON CLOSE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 18 Jun 2012. Using an estimated price of £118,813 means this house is valued at £1,431 per sq meter (£132 per sq foot).
The average size of a house on NINE ELMS LANE is 88 sq meters (952 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Drugs | Local resolution | On or near Colaton Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Colaton Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Colaton Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Colaton Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Nine Elms Lane |