£188,009
This estimated value is based upon the latest sale price for the house of £152,000 on 21 Aug 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £152,000 | 21 Aug 2018 |
| Semi-Detached |
| Freehold |
| 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 August 2018 the House Price Index for WEST MIDLANDS was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £152,000 results in an estimated price of approximately £188,009.
| 21 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £152,000 | £36,009 | £188,009 |
The Postcode Pricing Model uses changes in average sales price within the B32 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 | -3.477 % | £-5,285 | £146,714 |
| 3 Month Average | 5.835 % | £8,868 | £160,868 |
| 6 Month Average | 17.334 % | £26,348 | £178,348 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £122,000 | £122,000 | 56 LYE AVENUE |
| 24 Jul 2023 | £253,411 | £250,000 | 106 WOODGATE LANE |
| 9 Jun 2023 | £192,330 | £190,000 | 68 WOODGATE LANE |
| 16 Jan 2023 | £137,353 | £138,000 | 38 LYE AVENUE |
| 4 Nov 2022 | £306,290 | £310,000 | 7 PINE WOODS |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 10 May 2018. Using an estimated price of £188,009 means this house is valued at £2,685 per sq meter (£249 per sq foot).
The average size of a house on WOODGATE LANE is 89 sq meters (961 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodgate Lane |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodgate Lane |
| Feb 2024 | Other theft | Under investigation | On or near Woodgate Lane |
| Jan 2024 | Anti-social behaviour | On or near Woodgate Lane | |
| Jan 2024 | Anti-social behaviour | On or near Woodgate Lane |