£248,696
This estimated value is based upon the latest sale price for the house of £245,000 on 13 May 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £245,000 | 13 May 2022 |
| £115,000 | 29 Nov 2019 |
| £112,000 | 9 Nov 2007 |
| £52,500 | 31 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 May 2022 the House Price Index for WEST MIDLANDS was 145.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.509%.Applying this 1.509% change to the original purchase price of £245,000 results in an estimated price of approximately £248,696.
| 13 May 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 148.0 | 1.509 % | £245,000 | £3,696 | £248,696 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -17.470 % | £-42,801 | £202,198 |
| 3 Month Average | -7.021 % | £-17,201 | £227,798 |
| 6 Month Average | 16.575 % | £40,608 | £285,608 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £118,064 | £117,346 | 22 THE BROADWAY |
| 31 Mar 2023 | £216,168 | £215,000 | 40 BEDFORD ROAD |
| 13 May 2022 | £248,697 | £245,000 | 54 COLES LANE |
| 9 May 2022 | £329,904 | £325,000 | 26 THE BROADWAY |
| 26 Jan 2022 | £188,669 | £180,000 | 3 MOSTYN CRESCENT |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 15 Dec 2015. Using an estimated price of £248,697 means this house is valued at £3,406 per sq meter (£316 per sq foot).
The average size of a house on COLES LANE is 85 sq meters (922 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Coles Lane | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Coles Lane |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Mostyn Crescent |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Hereford Place |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Bedford Road |