£625,749
This estimated value is based upon the latest sale price for the house of £506,570 on 22 Feb 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £506,570 | 22 Feb 2019 |
| £73,500 | 27 Sep 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 196 sq meters or 2,109 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 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £506,570 results in an estimated price of approximately £625,749.
| 22 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £506,570 | £119,179 | £625,749 |
The Postcode Pricing Model uses changes in average sales price within the B67 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 | 36.557 % | £185,187 | £691,757 |
| 3 Month Average | -0.123 % | £-625 | £505,944 |
| 6 Month Average | 10.989 % | £55,665 | £562,235 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2022 | £283,195 | £275,000 | 43 BEECHWOOD ROAD |
| 17 Dec 2020 | £401,700 | £350,000 | 63 LIGHTWOODS HILL |
| 17 Nov 2020 | £278,245 | £240,000 | 45 MONMOUTH ROAD |
| 30 Oct 2020 | £557,215 | £475,000 | 24 LIGHTWOODS HILL |
| 30 Oct 2020 | £545,484 | £465,000 | 64 BEECHWOOD ROAD |
This house has a floor area of 196 sq meters or 2,109 sq feet when measured on 8 Oct 2018. Using an estimated price of £625,750 means this house is valued at £3,192 per sq meter (£296 per sq foot).
The average size of a house on LIGHTWOODS HILL is 146 sq meters (1,579 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Lightwoods Hill |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lightwoods Hill |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lightwoods Hill |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lightwoods Hill |
| Mar 2024 | Robbery | Under investigation | On or near Beechwood Road |