£234,884
This estimated value is based upon the latest sale price for the house of £225,000 on 30 Mar 2022. 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 | 30 Mar 2022 |
£165,000 | 21 Jul 2017 |
£150,000 | 20 May 2016 |
£124,995 | 4 Apr 2008 |
£46,000 | 1 Dec 1995 |
Terraced |
Freehold |
Floor Area: 83 sq meters or 893 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 March 2022 the House Price Index for WEST MIDLANDS was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £225,000 results in an estimated price of approximately £234,884.
30 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
143.4 | 149.7 | 4.393 % | £225,000 | £9,884 | £234,884 |
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 | 3.935 % | £8,854 | £233,854 |
3 Month Average | 1.176 % | £2,645 | £227,645 |
6 Month Average | 7.193 % | £16,184 | £241,184 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £318,000 | £318,000 | 144 WINDMILL ROAD |
12 Apr 2024 | £222,936 | £221,000 | 224 WINDMILL ROAD |
4 Aug 2023 | £168,031 | £165,000 | 25 MILL RACE LANE |
4 Aug 2023 | £186,361 | £183,000 | 15 ALDER ROAD |
25 Apr 2023 | £184,450 | £181,000 | 38 ALDER ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 8 Nov 2021. Using an estimated price of £234,885 means this house is valued at £2,829 per sq meter (£262 per sq foot).
The average size of a house on MILL RACE LANE is 94 sq meters (1,020 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Other crime | Under investigation | On or near Mill Race Lane |
Jul 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
May 2024 | Burglary | Investigation complete; no suspect identified | On or near Parking Area |
Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Tiveycourt Road |