£319,208
This estimated value is based upon the latest sale price for the house of £225,000 on 16 Sep 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 16 Sep 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 September 2015 the House Price Index for WEST MIDLANDS was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £225,000 results in an estimated price of approximately £319,208.
| 16 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.7 | 148.6 | 41.871 % | £225,000 | £94,208 | £319,208 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 62.008 % | £139,517 | £364,517 |
| 3 Month Average | 30.379 % | £68,351 | £293,351 |
| 6 Month Average | 45.494 % | £102,361 | £327,361 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £131,147 | £130,000 | FLAT 30 PEGASUS COURT SPIES LANE |
| 8 Aug 2023 | £141,236 | £140,000 | FLAT 23 PEGASUS COURT SPIES LANE |
| 14 Jul 2023 | £146,978 | £145,000 | FLAT 22 PEGASUS COURT SPIES LANE |
| 8 Feb 2023 | £429,711 | £430,000 | 20 ROYAL OAK ROAD |
| 3 Feb 2023 | £379,744 | £380,000 | 22 STUART ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 20 Apr 2015. Using an estimated price of £319,209 means this house is valued at £2,901 per sq meter (£269 per sq foot).
The average size of a house on CARTERS LANE is 114 sq meters (1,229 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near B4043 |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near B4043 |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near B4043 |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Royal Oak Road |
| Mar 2024 | Shoplifting | Under investigation | On or near Supermarket |