£91,472
This estimated value is based upon the latest sale price for the house of £32,000 on 21 Jun 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £32,000 | 21 Jun 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 June 2002 the House Price Index for WEST MIDLANDS was 52.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 185.852%.Applying this 185.852% change to the original purchase price of £32,000 results in an estimated price of approximately £91,472.
| 21 Jun 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 52.0 | 148.6 | 185.852 % | £32,000 | £59,472 | £91,472 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 212.576 % | £68,024 | £100,024 |
| 3 Month Average | 139.779 % | £44,729 | £76,729 |
| 6 Month Average | 146.268 % | £46,805 | £78,805 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £202,729 | £200,000 | 18 LONSDALE ROAD |
| 28 Feb 2022 | £75,506 | £72,000 | 5 THE OAKLANDS |
| 25 Feb 2022 | £191,387 | £182,500 | 10 LEA ROAD |
| 5 Jan 2022 | £112,608 | £107,000 | 2 LEA ROAD |
| 3 Dec 2021 | £283,915 | £265,000 | 49 LONSDALE ROAD |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 5 Jun 2020. Using an estimated price of £91,473 means this house is valued at £1,829 per sq meter (£169 per sq foot).
The average size of a house on OAKLANDS ROAD is 115 sq meters (1,241 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Oaklands Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oaklands Road |
| Feb 2024 | Robbery | Investigation complete; no suspect identified | On or near Oaklands Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oaklands Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Oaklands Road |