£461,868
This estimated value is based upon the latest sale price for the house of £400,000 on 12 Nov 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £400,000 | 12 Nov 2020 |
| Detached |
| Freehold |
| Floor Area: 134 sq meters or 1,442 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 November 2020 the House Price Index for WEST MIDLANDS was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £400,000 results in an estimated price of approximately £461,868.
| 12 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £400,000 | £61,868 | £461,868 |
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 | -28.041 % | £-112,165 | £287,834 |
| 3 Month Average | -5.457 % | £-21,826 | £378,173 |
| 6 Month Average | 7.257 % | £29,026 | £429,026 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Dec 2023 | £247,686 | £243,000 | 1 SPRINGFIELD ROAD |
| 3 Jul 2023 | £323,056 | £320,000 | 3 OAK BARN ROAD |
| 31 Mar 2023 | £261,413 | £260,000 | 275 LONG LANE |
| 16 Nov 2022 | £255,851 | £260,000 | 107A LONG LANE |
| 8 Jul 2022 | £354,521 | £355,000 | 14 OAK BARN ROAD |
This house has a floor area of 134 sq meters or 1,442 sq feet when measured on 8 Jun 2020. Using an estimated price of £461,869 means this house is valued at £3,446 per sq meter (£320 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 | Other crime | Action to be taken by another organisation | On or near Oak Barn Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Oak Barn Road |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Long Lane |
| Feb 2024 | Robbery | Unable to prosecute suspect | On or near Southwick Road |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodland Road |