£547,187
This estimated value is based upon the latest sale price for the house of £320,000 on 16 Apr 2010. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £320,000 | 16 Apr 2010 |
| Detached |
| Freehold |
| Floor Area: 154 sq meters or 1,657 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 2010 the House Price Index for WEST MIDLANDS was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.996%.Applying this 70.996% change to the original purchase price of £320,000 results in an estimated price of approximately £547,187.
| 16 Apr 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 149.7 | 70.996 % | £320,000 | £227,187 | £547,187 |
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 | 59.499 % | £190,395 | £510,395 |
| 3 Month Average | 63.558 % | £203,384 | £523,384 |
| 6 Month Average | 60.254 % | £192,813 | £512,813 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £100,591 | £97,500 | 50 WYVERN CLOSE |
| 1 Dec 2023 | £299,194 | £290,000 | 17 SEVERN CLOSE |
| 17 Nov 2023 | £123,125 | £120,000 | 52 WYVERN CLOSE |
| 31 Oct 2023 | £261,949 | £256,000 | 22 WYVERN CLOSE |
| 24 Mar 2023 | £254,246 | £250,000 | 45 GANDY ROAD |
This house has a floor area of 154 sq meters or 1,657 sq feet when measured on 20 Jul 2012. Using an estimated price of £547,187 means this house is valued at £3,553 per sq meter (£330 per sq foot).
The average size of a house on LICHFIELD ROAD is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Public order | Under investigation | On or near Lichfield Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lichfield Road |
| Jul 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Lichfield Road |
| Oct 2024 | Vehicle crime | Under investigation | On or near Wyvern Close |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Gandy Road |