£833,940
This estimated value is based upon the latest sale price for the house of £815,000 on 31 Oct 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £815,000 | 31 Oct 2023 |
| £242,000 | 25 Jun 1997 |
| Detached |
| Freehold |
| Floor Area: 186 sq meters or 2,002 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 October 2023 the House Price Index for WEST MIDLANDS was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £815,000 results in an estimated price of approximately £833,940.
| 31 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £815,000 | £18,940 | £833,940 |
The Postcode Pricing Model uses changes in average sales price within the DY9 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 | 384.208 % | £3,131,295 | £3,946,295 |
| 3 Month Average | 8.125 % | £66,220 | £881,220 |
| 6 Month Average | 20.240 % | £164,956 | £979,956 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2024 | £825,000 | £825,000 | 6 BROMWICH LANE |
| 20 Jun 2024 | £722,500 | £722,500 | 72 REDLAKE DRIVE |
| 5 Apr 2024 | £644,093 | £638,500 | 26 BROMWICH LANE |
| 31 Oct 2023 | £833,940 | £815,000 | 75 REDLAKE DRIVE |
| 9 Oct 2023 | £731,616 | £715,000 | 4 BROMWICH LANE |
This house has a floor area of 186 sq meters or 2,002 sq feet when measured on 24 May 2021. Using an estimated price of £833,940 means this house is valued at £4,483 per sq meter (£416 per sq foot).
The average size of a house on REDLAKE DRIVE is 218 sq meters (2,348 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Roberts Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Roberts Lane |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Roberts Lane |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Roberts Lane |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Roberts Lane |