£243,359
This estimated value is based upon the latest sale price for the house of £233,000 on 23 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £233,000 | 23 Feb 2022 |
| £145,000 | 8 Aug 2014 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 February 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £233,000 results in an estimated price of approximately £243,359.
| 23 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £233,000 | £10,359 | £243,359 |
The Postcode Pricing Model uses changes in average sales price within the B92 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 | 4.889 % | £11,392 | £244,392 |
| 3 Month Average | -6.868 % | £-16,001 | £216,998 |
| 6 Month Average | 4.104 % | £9,563 | £242,563 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2023 | £160,979 | £160,000 | 1 MITFORD DRIVE |
| 4 Jul 2023 | £206,958 | £205,000 | 12 ANSLEY WAY |
| 31 Jan 2023 | £128,818 | £129,950 | 64 FOREDROVE LANE |
| 21 Oct 2022 | £216,778 | £220,000 | 116 FOREDROVE LANE |
| 22 Jun 2022 | £242,457 | £240,000 | 101 FOREDROVE LANE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 29 May 2014. Using an estimated price of £243,359 means this house is valued at £3,244 per sq meter (£301 per sq foot).
The average size of a house on FOREDROVE LANE is 77 sq meters (837 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Public order | Under investigation | On or near Foredrove Lane |
| Apr 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Foredrove Lane |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Foredrove Lane |
| Apr 2024 | Drugs | Under investigation | On or near Foredrove Lane |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Foredrove Lane |