£227,987
This estimated value is based upon the latest sale price for the house of £183,000 on 1 Apr 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £183,000 | 1 Apr 2019 |
| £109,000 | 19 Jul 2013 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 April 2019 the House Price Index for WEST MIDLANDS was 120.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.583%.Applying this 24.583% change to the original purchase price of £183,000 results in an estimated price of approximately £227,987.
| 1 Apr 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.583 % | £183,000 | £44,987 | £227,987 |
The Postcode Pricing Model uses changes in average sales price within the CV6 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 | 16.870 % | £30,872 | £213,872 |
| 3 Month Average | 15.508 % | £28,379 | £211,379 |
| 6 Month Average | 17.127 % | £31,342 | £214,342 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £223,433 | £220,000 | 95 GRANGEMOUTH ROAD |
| 8 Dec 2023 | £179,000 | £173,500 | 10 GRANGEMOUTH ROAD |
| 30 Jun 2023 | £222,458 | £218,000 | 116 CHEVERAL AVENUE |
| 22 Feb 2023 | £211,412 | £210,000 | 19 MIDDLEMARCH ROAD |
| 16 Nov 2022 | £184,139 | £185,000 | 54 GRANGEMOUTH ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 27 Nov 2018. Using an estimated price of £227,988 means this house is valued at £2,533 per sq meter (£235 per sq foot).
The average size of a house on LANCHESTER ROAD is 108 sq meters (1,162 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lanchester Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lanchester Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lanchester Road |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lanchester Road |
| Oct 2024 | Other theft | Under investigation | On or near Bede Road |