£830,969
This estimated value is based upon the latest sale price for the house of £555,000 on 7 Nov 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £555,000 | 7 Nov 2014 |
| Detached |
| Freehold |
| Floor Area: 158 sq meters or 1,700 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 November 2014 the House Price Index for WEST MIDLANDS was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £555,000 results in an estimated price of approximately £830,969.
| 7 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 148.6 | 49.724 % | £555,000 | £275,969 | £830,969 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | 36.414 % | £202,100 | £757,100 |
| 3 Month Average | 18.547 % | £102,933 | £657,933 |
| 6 Month Average | 37.713 % | £209,305 | £764,305 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £361,833 | £357,450 | 54 BELWELL LANE |
| 5 Jun 2023 | £250,029 | £247,000 | FLAT 7 BELWELL GARDENS, 34 - 36 BELWELL LANE |
| 2 Sep 2022 | £223,198 | £225,000 | FLAT 1 HARBOROUGH COURT BELWELL LANE |
| 31 Mar 2022 | £953,361 | £920,000 | 17 NURSERY LANE |
| 20 Nov 2020 | £753,580 | £650,000 | 24 CLARENCE ROAD |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 24 Jul 2013. Using an estimated price of £830,970 means this house is valued at £5,259 per sq meter (£488 per sq foot).
The average size of a house on BELWELL LANE is 145 sq meters (1,571 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Possession of weapons | Under investigation | On or near Nursery Lane |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Park Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Drive |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Drive |
| Mar 2024 | Possession of weapons | Under investigation | On or near All Saints Drive |