£527,929
This estimated value is based upon the latest sale price for the house of £350,000 on 11 Jul 2014. 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 Jul 2014 |
| Detached |
| Freehold |
| Floor Area: 207 sq meters or 2,228 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 July 2014 the House Price Index for WEST MIDLANDS was 97.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 50.837%.Applying this 50.837% change to the original purchase price of £350,000 results in an estimated price of approximately £527,929.
| 11 Jul 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 146.7 | 50.837 % | £350,000 | £177,929 | £527,929 |
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 | 57.394 % | £200,877 | £550,877 |
| 3 Month Average | 25.258 % | £88,404 | £438,404 |
| 6 Month Average | 60.627 % | £212,194 | £562,194 |
This house has a floor area of 207 sq meters or 2,228 sq feet when measured on 15 Apr 2014.
The average size of a house on LICHFIELD ROAD is 97 sq meters (1,047 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Fitzmaurice Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Gilbert Close |
| Dec 2023 | Bicycle theft | Investigation complete; no suspect identified | On or near Gilbert Close |
| Mar 2024 | Anti-social behaviour | On or near Castlebridge Gardens | |
| Mar 2024 | Anti-social behaviour | On or near Castlebridge Gardens |