£531,426
This estimated value is based upon the latest sale price for the house of £93,000 on 24 Jan 1996. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £93,000 | 24 Jan 1996 |
| Detached |
| Freehold |
| Floor Area: 173 sq meters or 1,862 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 January 1996 the House Price Index for WEST MIDLANDS was 26.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 471.427%.Applying this 471.427% change to the original purchase price of £93,000 results in an estimated price of approximately £531,426.
| 24 Jan 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 149.7 | 471.427 % | £93,000 | £438,426 | £531,426 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | 132.333 % | £123,069 | £216,069 |
| 3 Month Average | 297.545 % | £276,717 | £369,717 |
| 6 Month Average | 314.935 % | £292,889 | £385,889 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £515,850 | £499,999 | 33 LAKE AVENUE |
| 2 Oct 2023 | £327,693 | £320,250 | 306 BIRMINGHAM ROAD |
| 14 Apr 2023 | £474,882 | £466,000 | 46 LAKE AVENUE |
| 15 Aug 2022 | £572,678 | £570,000 | 3 LAKE AVENUE |
| 11 Nov 2021 | £367,168 | £337,000 | 4 LAKE AVENUE |
This house has a floor area of 173 sq meters or 1,862 sq feet when measured on 6 Jun 2013. Using an estimated price of £531,427 means this house is valued at £3,071 per sq meter (£285 per sq foot).
The average size of a house on LAKE AVENUE is 205 sq meters (2,214 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Lake Avenue |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Birmingham Road |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Birmingham Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Birmingham Road |
| Apr 2024 | Vehicle crime | Unable to prosecute suspect | On or near Birmingham Road |