£111,829
This estimated value is based upon the latest sale price for the house of £110,000 on 8 Apr 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £110,000 | 8 Apr 2022 |
| £88,500 | 21 Jun 2006 |
| £35,000 | 22 Mar 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 699 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 2022 the House Price Index for WEST MIDLANDS was 144.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 1.663%.Applying this 1.663% change to the original purchase price of £110,000 results in an estimated price of approximately £111,829.
| 8 Apr 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 146.7 | 1.663 % | £110,000 | £1,829 | £111,829 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | -11.379 % | £-12,517 | £97,482 |
| 3 Month Average | -23.870 % | £-26,257 | £83,742 |
| 6 Month Average | 4.882 % | £5,370 | £115,370 |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 8 Nov 2021.
The average size of a house on LICH AVENUE is 80 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lich Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Olinthus Avenue |
| Mar 2024 | Vehicle crime | Under investigation | On or near Measham Way |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Measham Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Brailsford Close |