£494,526
This estimated value is based upon the latest sale price for the house of £310,000 on 28 Feb 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £310,000 | 28 Feb 2014 |
| £127,000 | 3 May 2002 |
| Detached |
| Freehold |
| Floor Area: 187 sq meters or 2,012 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 February 2014 the House Price Index for WEST MIDLANDS was 93.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.525%.Applying this 59.525% change to the original purchase price of £310,000 results in an estimated price of approximately £494,526.
| 28 Feb 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 149.7 | 59.525 % | £310,000 | £184,526 | £494,526 |
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 | 74.826 % | £231,962 | £541,962 |
| 3 Month Average | 81.757 % | £253,448 | £563,448 |
| 6 Month Average | 69.369 % | £215,043 | £525,043 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £185,000 | £185,000 | 15 MARLOWE DRIVE |
| 21 Dec 2023 | £100,591 | £97,500 | 50 WYVERN CLOSE |
| 12 Dec 2023 | £201,182 | £195,000 | 25 MARLOWE DRIVE |
| 1 Dec 2023 | £299,194 | £290,000 | 17 SEVERN CLOSE |
| 24 Nov 2023 | £102,605 | £100,000 | 62 PEACH ROAD |
This house has a floor area of 187 sq meters or 2,012 sq feet when measured on 18 Jul 2013. Using an estimated price of £494,527 means this house is valued at £2,644 per sq meter (£245 per sq foot).
The average size of a house on LICHFIELD ROAD is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near Wyvern Close |
| Sep 2024 | Burglary | Under investigation | On or near Marlowe Drive |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Marlowe Drive |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marlowe Drive |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Marlowe Drive |