£83,962
This estimated value is based upon the latest sale price for the house of £67,000 on 16 Mar 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £67,000 | 16 Mar 2018 |
| £82,000 | 9 Sep 2005 |
| £37,000 | 1 Jun 2001 |
| £32,500 | 27 Aug 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 36 sq meters or 387 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 2018 the House Price Index for WEST MIDLANDS was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £67,000 results in an estimated price of approximately £83,962.
| 16 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £67,000 | £16,962 | £83,962 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | -42.204 % | £-28,276 | £38,723 |
| 3 Month Average | 14.360 % | £9,621 | £76,621 |
| 6 Month Average | 27.728 % | £18,577 | £85,577 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £120,000 | £120,000 | 20 NEW ENGLAND |
| 24 Nov 2023 | £304,508 | £300,000 | 205 LONG LANE |
| 4 Jul 2023 | £213,879 | £211,000 | 187 LONG LANE |
| 20 Apr 2023 | £80,871 | £80,000 | 121 NEW ENGLAND |
| 24 Mar 2023 | £75,713 | £75,000 | FLAT 7 MANSION COURT LONG LANE |
This house has a floor area of 36 sq meters or 387 sq feet when measured on 6 May 2017. Using an estimated price of £83,962 means this house is valued at £2,332 per sq meter (£216 per sq foot).
The average size of a house on LONG LANE is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near New England |
| Feb 2024 | Anti-social behaviour | On or near New England | |
| Feb 2024 | Anti-social behaviour | On or near New England | |
| Jan 2024 | Anti-social behaviour | On or near New England | |
| Jan 2024 | Anti-social behaviour | On or near New England |