£215,081
This estimated value is based upon the latest sale price for the house of £182,000 on 27 Oct 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £182,000 | 27 Oct 2020 |
| £190,000 | 26 Oct 2018 |
| £155,000 | 19 Feb 2016 |
| £147,500 | 1 Feb 2010 |
| £145,000 | 19 Sep 2008 |
| £158,000 | 25 Apr 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 October 2020 the House Price Index for WEST MIDLANDS was 126.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 18.177%.Applying this 18.177% change to the original purchase price of £182,000 results in an estimated price of approximately £215,081.
| 27 Oct 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 149.7 | 18.177 % | £182,000 | £33,081 | £215,081 |
The Postcode Pricing Model uses changes in average sales price within the B76 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 | 26.647 % | £48,497 | £230,497 |
| 3 Month Average | 19.453 % | £35,404 | £217,404 |
| 6 Month Average | 13.915 % | £25,325 | £207,325 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Aug 2024 | £142,000 | £142,000 | 21 HAWTHORNDEN COURT, 183 PENNS LANE |
| 26 Apr 2024 | £403,504 | £400,000 | 14 THE CHASE |
| 27 Sep 2023 | £173,832 | £170,000 | 20 HAWTHORNDEN COURT, 183 PENNS LANE |
| 31 Mar 2023 | £189,159 | £186,000 | 18 HAWTHORNDEN COURT, 183 PENNS LANE |
| 4 Nov 2022 | £572,324 | £575,000 | 34 THE CHASE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 21 Feb 2020. Using an estimated price of £215,082 means this house is valued at £3,072 per sq meter (£285 per sq foot).
The average size of a house on PENNS LANE is 109 sq meters (1,178 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Under investigation | On or near The Chase |
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near The Chase |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Penns Lane |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Penns Lane |
| Aug 2024 | Drugs | Local resolution | On or near Penns Lane |