£193,885
This estimated value is based upon the latest sale price for the house of £190,000 on 5 Jun 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £190,000 | 5 Jun 2023 |
| £97,000 | 8 Jul 2011 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 957 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 2023 the House Price Index for WEST MIDLANDS was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £190,000 results in an estimated price of approximately £193,885.
| 5 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £190,000 | £3,885 | £193,885 |
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 | -0.679 % | £-1,289 | £188,710 |
| 3 Month Average | 4.125 % | £7,838 | £197,838 |
| 6 Month Average | 8.618 % | £16,374 | £206,374 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £220,784 | £214,000 | 19 SOUTH AVENUE |
| 28 Nov 2023 | £102,605 | £100,000 | 41 TORRIDGE DRIVE |
| 5 Jun 2023 | £193,885 | £190,000 | 58 GRAISELEY LANE |
| 21 Feb 2023 | £176,177 | £175,000 | 51 GRAISELEY LANE |
| 16 Nov 2022 | £2,786,968 | £2,800,000 | UNIT 1-2 WEDNESFIELD WAY INDUSTRIAL ESTATE |
This house has a floor area of 88 sq meters or 957 sq feet when measured on 6 Apr 2011. Using an estimated price of £193,885 means this house is valued at £2,180 per sq meter (£202 per sq foot).
The average size of a house on GRAISELEY LANE is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Church Street |
| Oct 2024 | Possession of weapons | Under investigation | On or near Church Street |
| Oct 2024 | Theft from the person | Under investigation | On or near Church Street |
| Oct 2024 | Possession of weapons | Under investigation | On or near Church Street |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Church Street |