£217,113
This estimated value is based upon the latest sale price for the house of £200,000 on 20 Sep 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £200,000 | 20 Sep 2021 |
| Terraced |
| Freehold |
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 September 2021 the House Price Index for WEST MIDLANDS was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £200,000 results in an estimated price of approximately £217,113.
| 20 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £200,000 | £17,113 | £217,113 |
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 | 28.438 % | £56,875 | £256,875 |
| 3 Month Average | 6.065 % | £12,129 | £212,129 |
| 6 Month Average | -11.298 % | £-22,595 | £177,404 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 May 2024 | £227,000 | £227,000 | 73 HEATH LANE |
| 26 Jun 2023 | £198,988 | £195,000 | 6 CUMBERLAND ROAD |
| 19 Aug 2022 | £226,057 | £225,000 | 123 VICARAGE ROAD |
| 1 Jul 2022 | £172,731 | £171,000 | 42 ESSEX AVENUE |
| 17 May 2022 | £89,327 | £87,000 | 158 VICARAGE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Heath Lane |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heath Lane |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heath Lane |
| May 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Heath Lane |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Heath Lane |