£72,849
This estimated value is based upon the latest sale price for the house of £58,500 on 20 May 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £58,500 | 20 May 2019 |
| £36,500 | 3 Dec 2002 |
| Leasehold |
| Floor Area: 38 sq meters or 409 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 May 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 24.529%.Applying this 24.529% change to the original purchase price of £58,500 results in an estimated price of approximately £72,849.
| 20 May 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 149.7 | 24.529 % | £58,500 | £14,349 | £72,849 |
The Postcode Pricing Model uses changes in average sales price within the WV1 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 | 116.929 % | £68,403 | £126,903 |
| 3 Month Average | 69.430 % | £40,616 | £99,116 |
| 6 Month Average | 46.424 % | £27,158 | £85,658 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £221,927 | £220,000 | 205 DEANS ROAD |
| 6 Nov 2023 | £256,511 | £250,000 | 30 BROOKLANDS PARADE |
| 27 Sep 2023 | £214,734 | £210,000 | 229 DEANS ROAD |
| 4 Jan 2023 | £220,589 | £220,000 | 13 KELSALL CLOSE |
| 9 Nov 2022 | £184,139 | £185,000 | 18 BOWMANS RISE |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 13 Aug 2021. Using an estimated price of £72,849 means this house is valued at £1,917 per sq meter (£178 per sq foot).
The average size of a house on LAPLEY CLOSE is 60 sq meters (647 sq feet).
This house is the smallest in the street with a floor area of 38 sq meters (409 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Lapley Close |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lapley Close |
| Aug 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lapley Close |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lapley Close |
| Oct 2024 | Drugs | Under investigation | On or near Jones Field Crescent |