£227,926
This estimated value is based upon the latest sale price for the house of £225,000 on 10 Nov 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 10 Nov 2023 |
| £205,000 | 2 Mar 2018 |
| £83,000 | 26 Apr 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 2023 the House Price Index for WEST MIDLANDS was 146.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 1.300%.Applying this 1.300% change to the original purchase price of £225,000 results in an estimated price of approximately £227,926.
| 10 Nov 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.1 | 148.0 | 1.300 % | £225,000 | £2,926 | £227,926 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | -9.524 % | £-21,428 | £203,571 |
| 3 Month Average | -23.289 % | £-52,401 | £172,598 |
| 6 Month Average | -10.919 % | £-24,567 | £200,432 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £227,926 | £225,000 | 8 LANCASTER GARDENS |
| 15 Jun 2023 | £254,060 | £252,000 | 39 LANCASTER GARDENS |
| 10 Aug 2022 | £248,322 | £250,000 | 434C PENN ROAD |
| 21 Mar 2022 | £340,586 | £330,000 | 2 WOODHALL ROAD |
| 18 Nov 2021 | £366,230 | £340,000 | 10 WOODHALL ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 29 Aug 2017. Using an estimated price of £227,926 means this house is valued at £3,256 per sq meter (£302 per sq foot).
The average size of a house on LANCASTER GARDENS is 81 sq meters (873 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Woodhall Road |
| Jan 2024 | Other crime | Further investigation is not in the public interest | On or near Woodhall Road |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodlands Paddock |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Paddock | |
| Mar 2024 | Anti-social behaviour | On or near Woodlands Paddock |