£540,814
This estimated value is based upon the latest sale price for the house of £350,000 on 11 Mar 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£350,000 | 11 Mar 2015 |
£146,000 | 23 Jul 1999 |
Detached |
Freehold |
Floor Area: 176 sq meters or 1,894 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 March 2015 the House Price Index for WEST MIDLANDS was 67.5.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 54.519%.Applying this 54.519% change to the original purchase price of £350,000 results in an estimated price of approximately £540,814.
11 Mar 2015 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
67.5 | 104.3 | 54.519 % | £350,000 | £190,814 | £540,814 |
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 | 84.752 % | £296,631 | £646,631 |
3 Month Average | 72.166 % | £252,581 | £602,581 |
6 Month Average | 64.950 % | £227,323 | £577,323 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Jan 2025 | £215,581 | £210,000 | 24 MARLOWE DRIVE |
27 Sep 2024 | £236,092 | £225,000 | 20 MARLOWE DRIVE |
21 Dec 2023 | £104,730 | £97,500 | 50 WYVERN CLOSE |
12 Dec 2023 | £209,459 | £195,000 | 25 MARLOWE DRIVE |
1 Dec 2023 | £311,504 | £290,000 | 17 SEVERN CLOSE |
This house has a floor area of 176 sq meters or 1,894 sq feet when measured on 13 Sep 2014. Using an estimated price of £540,815 means this house is valued at £3,072 per sq meter (£285 per sq foot).
The average size of a house on LICHFIELD ROAD is 97 sq meters (1,047 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Marlowe Drive |
Mar 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Len Davis Road |
Mar 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Lichfield Road |
Mar 2025 | Burglary | Investigation complete; no suspect identified | On or near Lichfield Road |
Feb 2025 | Vehicle crime | Investigation complete; no suspect identified | On or near Lichfield Road |