£175,699
This estimated value is based upon the latest sale price for the house of £173,000 on 28 Mar 2024. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Old Fallings Lane
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| Price Paid | Date |
|---|---|
| £173,000 | 28 Mar 2024 |
| £102,000 | 16 May 2006 |
| £59,500 | 17 Aug 2001 |
| Detached |
| Freehold |
| Floor Area: 82 sq meters or 882 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 2024 the House Price Index for WEST MIDLANDS was 147.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.560%.Applying this 1.560% change to the original purchase price of £173,000 results in an estimated price of approximately £175,699.
| 28 Mar 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.4 | 149.7 | 1.560 % | £173,000 | £2,699 | £175,699 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | 1.309 % | £2,265 | £175,265 |
| 3 Month Average | 1.880 % | £3,252 | £176,252 |
| 6 Month Average | -3.534 % | £-6,113 | £166,886 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £175,699 | £173,000 | 92A OLD FALLINGS LANE |
| 9 Aug 2023 | £169,049 | £166,000 | 64 OLD FALLINGS LANE |
| 19 Apr 2023 | £86,620 | £85,000 | 23 PRIMROSE LANE |
| 11 Apr 2023 | £195,660 | £192,000 | 115 OLD FALLINGS LANE |
| 11 Oct 2022 | £186,377 | £187,000 | 9 ST CHADS ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 20 Apr 2015. Using an estimated price of £175,699 means this house is valued at £2,142 per sq meter (£199 per sq foot).
The average size of a house on OLD FALLINGS LANE is 101 sq meters (1,090 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Old Fallings Lane |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Old Fallings Lane |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Old Fallings Lane |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Old Fallings Lane |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Old Fallings Lane |