£264,384
This estimated value is based upon the latest sale price for the house of £153,000 on 20 Jul 2011. 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 Norfolk Avenue
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| Price Paid | Date |
|---|---|
| £153,000 | 20 Jul 2011 |
| Detached |
| Freehold |
| Floor Area: 78 sq meters or 840 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 July 2011 the House Price Index for WEST MIDLANDS was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £153,000 results in an estimated price of approximately £264,384.
| 20 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £153,000 | £111,384 | £264,384 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | -0.340 % | £-520 | £152,479 |
| 3 Month Average | 40.477 % | £61,930 | £214,930 |
| 6 Month Average | 69.665 % | £106,586 | £259,586 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £200,865 | £201,000 | 32 HEATH LANE |
| 15 Feb 2023 | £145,902 | £146,000 | 135 HEATH LANE |
| 14 Oct 2022 | £148,402 | £150,000 | 66 ESSEX AVENUE |
| 1 Jul 2022 | £171,462 | £171,000 | 42 ESSEX AVENUE |
| 26 Nov 2021 | £216,303 | £200,000 | 85 HEATH LANE |
This house has a floor area of 78 sq meters or 840 sq feet when measured on 7 Sep 2010. Using an estimated price of £264,385 means this house is valued at £3,385 per sq meter (£314 per sq foot).
The average size of a house on HEATH LANE is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Norfolk Avenue |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Norfolk Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Norfolk Avenue |
| Mar 2024 | Burglary | Under investigation | On or near Norfolk Avenue |
| Feb 2024 | Anti-social behaviour | On or near Norfolk Avenue |