£251,163
This estimated value is based upon the latest sale price for the house of £207,000 on 20 Mar 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £207,000 | 20 Mar 2020 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2020 the House Price Index for WEST MIDLANDS was 123.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 21.335%.Applying this 21.335% change to the original purchase price of £207,000 results in an estimated price of approximately £251,163.
| 20 Mar 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 149.7 | 21.335 % | £207,000 | £44,163 | £251,163 |
The Postcode Pricing Model uses changes in average sales price within the B30 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 | -29.017 % | £-60,064 | £146,935 |
| 3 Month Average | 23.446 % | £48,533 | £255,533 |
| 6 Month Average | 20.635 % | £42,714 | £249,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Apr 2024 | £277,409 | £275,000 | 22 LEA HOUSE ROAD |
| 22 Mar 2024 | £228,511 | £225,000 | 40 MARY VALE ROAD |
| 4 Mar 2024 | £223,433 | £220,000 | 40 LEA HOUSE ROAD |
| 15 Nov 2023 | £292,423 | £285,000 | 4 MARY VALE ROAD |
| 4 Apr 2023 | £305,718 | £300,000 | 1397 PERSHORE ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 31 Jul 2019. Using an estimated price of £251,164 means this house is valued at £3,488 per sq meter (£324 per sq foot).
The average size of a house on LEA HOUSE ROAD is 85 sq meters (915 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lea House Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lea House Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lea House Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lea House Road |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near A441 |