£133,333
This estimated value is based upon the latest sale price for the house of £120,000 on 12 Aug 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £120,000 | 12 Aug 2021 |
| £108,000 | 6 Jul 2007 |
| £106,750 | 30 Jul 2004 |
| £94,655 | 19 Dec 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 August 2021 the House Price Index for WEST MIDLANDS was 133.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 11.111%.Applying this 11.111% change to the original purchase price of £120,000 results in an estimated price of approximately £133,333.
| 12 Aug 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.0 | 11.111 % | £120,000 | £13,333 | £133,333 |
The Postcode Pricing Model uses changes in average sales price within the B64 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 | -47.212 % | £-56,653 | £63,346 |
| 3 Month Average | -30.223 % | £-36,267 | £83,732 |
| 6 Month Average | -8.865 % | £-10,637 | £109,362 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £125,882 | £123,500 | 26 LUANNE CLOSE |
| 18 Aug 2023 | £124,256 | £123,500 | 20 LUANNE CLOSE |
| 28 Apr 2023 | £579,306 | £575,000 | UNIT 16S WATERFALL LANE TRADING ESTATE |
| 31 Mar 2023 | £105,571 | £105,000 | 24 LUANNE CLOSE |
| 14 Nov 2022 | £121,037 | £123,000 | FLAT 9 OLD HILL HOUSE, 117 STATION ROAD |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 16 Jun 2017. Using an estimated price of £133,333 means this house is valued at £3,174 per sq meter (£294 per sq foot).
The average size of a house on LUANNE CLOSE is 55 sq meters (594 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Luanne Close |
| Mar 2024 | Robbery | Investigation complete; no suspect identified | On or near Luanne Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Manson Drive |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Manson Drive |
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Shopping Area |