£58,095
This estimated value is based upon the latest sale price for the house of £56,000 on 21 Apr 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £56,000 | 21 Apr 2022 |
| £55,000 | 29 Jun 2018 |
| £37,000 | 3 Aug 2016 |
| Flats/Maisonettes |
| Leasehold |
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 2022 the House Price Index for WEST MIDLANDS was 144.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.742%.Applying this 3.742% change to the original purchase price of £56,000 results in an estimated price of approximately £58,095.
| 21 Apr 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 149.7 | 3.742 % | £56,000 | £2,095 | £58,095 |
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 | 422.727 % | £236,727 | £292,727 |
| 3 Month Average | 5.979 % | £3,348 | £59,348 |
| 6 Month Average | 12.121 % | £6,787 | £62,787 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £289,514 | £287,000 | 60 EDWARD STREET |
| 8 Mar 2024 | £182,809 | £180,000 | 19 GRANGE ROAD |
| 13 Oct 2023 | £409,296 | £400,000 | WEST BROMWICH MAGISTRATES COURT LOMBARD STREET WEST |
| 18 Aug 2023 | £139,516 | £137,000 | 23 OSBORNE ROAD |
| 24 Mar 2023 | £271,535 | £267,000 | 24 GRANGE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodge Road |
| Sep 2024 | Drugs | Offender given a caution | On or near Lodge Road |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lodge Road |
| Aug 2024 | Robbery | Under investigation | On or near Lodge Road |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lodge Road |