£223,000
This estimated value is based upon the latest sale price for the house of £130,000 on 27 Jan 2011. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £130,000 | 27 Jan 2011 |
| Detached |
| Freehold |
| Floor Area: 60 sq meters or 645 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 January 2011 the House Price Index for WEST MIDLANDS was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.539%.Applying this 71.539% change to the original purchase price of £130,000 results in an estimated price of approximately £223,000.
| 27 Jan 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.539 % | £130,000 | £93,000 | £223,000 |
The Postcode Pricing Model uses changes in average sales price within the B64 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 | 84.105 % | £109,336 | £239,336 |
| 3 Month Average | 62.070 % | £80,690 | £210,690 |
| 6 Month Average | 61.964 % | £80,553 | £210,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £310,432 | £305,000 | 6 MISSION CLOSE |
| 4 Jul 2023 | £253,411 | £250,000 | 78 WATERFALL LANE |
| 31 Mar 2023 | £100,951 | £100,000 | 26 WATERFALL LANE |
| 10 Mar 2023 | £129,217 | £128,000 | 50 WATERFALL LANE |
| 24 Feb 2023 | £259,825 | £260,000 | 102 WATERFALL LANE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 9 Feb 2015. Using an estimated price of £223,000 means this house is valued at £3,716 per sq meter (£345 per sq foot).
The average size of a house on WATERFALL LANE is 104 sq meters (1,120 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Under investigation | On or near Waterfall Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Waterfall Lane |
| Mar 2024 | Vehicle crime | Under investigation | On or near Manson Drive |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Manson Drive |
| Mar 2024 | Robbery | Investigation complete; no suspect identified | On or near Luanne Close |