£348,715
This estimated value is based upon the latest sale price for the house of £338,000 on 20 Dec 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £338,000 | 20 Dec 2023 |
| £235,000 | 3 Jun 2016 |
| £166,500 | 4 Jan 2008 |
| Semi-Detached |
| Leasehold |
| Floor Area: 99 sq meters or 1,065 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 2023 the House Price Index for WEST MIDLANDS was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £338,000 results in an estimated price of approximately £348,715.
| 20 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £338,000 | £10,715 | £348,715 |
The Postcode Pricing Model uses changes in average sales price within the B91 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 | 6.337 % | £21,417 | £359,417 |
| 3 Month Average | 11.749 % | £39,712 | £377,712 |
| 6 Month Average | -2.962 % | £-10,010 | £327,989 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £348,715 | £338,000 | 40 LUGTROUT LANE |
| 22 Sep 2023 | £383,453 | £375,000 | 54 WHERRETTS WELL LANE |
| 24 Nov 2022 | £372,259 | £374,000 | 62 LUGTROUT LANE |
| 21 Jul 2022 | £358,593 | £355,000 | 42 LUGTROUT LANE |
| 28 Jun 2022 | £459,829 | £450,000 | 22 SAMBOURN CLOSE |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 20 Jun 2016. Using an estimated price of £348,715 means this house is valued at £3,522 per sq meter (£327 per sq foot).
The average size of a house on LUGTROUT LANE is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wherretts Well Lane |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wherretts Well Lane |
| Oct 2024 | Other crime | Unable to prosecute suspect | On or near Sambourn Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heather Grove |
| Aug 2024 | Vehicle crime | Unable to prosecute suspect | On or near Heather Grove |