£627,533
This estimated value is based upon the latest sale price for the house of £375,000 on 24 May 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £375,000 | 24 May 2013 |
| £150,000 | 6 Sep 1996 |
| Detached |
| Freehold |
| Floor Area: 168 sq meters or 1,808 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 May 2013 the House Price Index for WEST MIDLANDS was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £375,000 results in an estimated price of approximately £627,533.
| 24 May 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.342 % | £375,000 | £252,533 | £627,533 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | 11.002 % | £41,255 | £416,255 |
| 3 Month Average | 26.951 % | £101,067 | £476,067 |
| 6 Month Average | 25.367 % | £95,126 | £470,126 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2023 | £368,471 | £365,000 | 19 CORNWALL ROAD |
| 24 Feb 2023 | £574,613 | £575,000 | 20 CORNWALL ROAD |
| 12 Nov 2021 | £362,307 | £335,000 | 22 RAVENSDALE GARDENS |
| 30 Sep 2021 | £344,830 | £320,000 | 17 RAVENSDALE GARDENS |
| 17 Sep 2021 | £593,753 | £551,000 | 16 RAVEN ROAD |
This house has a floor area of 168 sq meters or 1,808 sq feet when measured on 20 Oct 2014. Using an estimated price of £627,534 means this house is valued at £3,735 per sq meter (£347 per sq foot).
The average size of a house on LAKE AVENUE is 205 sq meters (2,214 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Birmingham Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Birmingham Road |
| Mar 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Parking Area |