£256,467
This estimated value is based upon the latest sale price for the house of £238,000 on 20 Sep 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £238,000 | 20 Sep 2021 |
| £200,000 | 14 Sep 2018 |
| £68,000 | 18 Feb 1998 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 September 2021 the House Price Index for WEST MIDLANDS was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £238,000 results in an estimated price of approximately £256,467.
| 20 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.6 | 7.759 % | £238,000 | £18,467 | £256,467 |
The Postcode Pricing Model uses changes in average sales price within the WS10 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 | -8.615 % | £-20,504 | £217,495 |
| 3 Month Average | -30.258 % | £-72,015 | £165,984 |
| 6 Month Average | 12.743 % | £30,327 | £268,327 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £221,276 | £218,000 | 2 WAKES ROAD |
| 17 Jul 2023 | £233,629 | £230,485 | 1 MOUNTS ROAD |
| 20 Apr 2023 | £181,959 | £180,000 | 12 WAKES ROAD |
| 28 Oct 2022 | £262,177 | £265,000 | 47 CHESTNUT STREET |
| 14 Oct 2022 | £232,497 | £235,000 | 8 MOUNTS ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 27 Apr 2015. Using an estimated price of £256,467 means this house is valued at £2,699 per sq meter (£250 per sq foot).
The average size of a house on LILAC GROVE is 95 sq meters (1,023 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Lilac Grove |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lilac Grove |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Lilac Grove |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Lilac Grove |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cedar Road |