£170,350
This estimated value is based upon the latest sale price for the house of £56,000 on 1 Mar 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Grosvenor Road
More crime details
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| Price Paid | Date |
|---|---|
| £56,000 | 1 Mar 2002 |
| £40,500 | 6 Jun 1997 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 889 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 March 2002 the House Price Index for WEST MIDLANDS was 49.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 204.197%.Applying this 204.197% change to the original purchase price of £56,000 results in an estimated price of approximately £170,350.
| 1 Mar 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 149.7 | 204.197 % | £56,000 | £114,350 | £170,350 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | 158.030 % | £88,497 | £144,497 |
| 3 Month Average | 218.854 % | £122,558 | £178,558 |
| 6 Month Average | 227.927 % | £127,639 | £183,639 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £159,914 | £155,000 | 15 BENTLEY ROAD |
| 18 Dec 2023 | £278,560 | £270,000 | 96 MORETON ROAD |
| 22 Sep 2023 | £194,283 | £190,000 | 133 ELSTON HALL LANE |
| 9 Mar 2023 | £149,497 | £147,000 | 81 SCHOOL LANE |
| 26 May 2022 | £169,414 | £165,000 | 37 SCHOOL LANE |
This house has a floor area of 82 sq meters or 889 sq feet when measured on 19 Oct 2011. Using an estimated price of £170,350 means this house is valued at £2,060 per sq meter (£191 per sq foot).
The average size of a house on SCHOOL LANE is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Grosvenor Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Somerford Gardens |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Somerford Gardens |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Somerford Gardens |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Somerford Gardens |