£1,092,926
This estimated value is based upon the latest sale price for the house of £970,000 on 21 Jan 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £970,000 | 21 Jan 2021 |
| £170,000 | 28 Jul 1995 |
| Detached |
| Freehold |
| Floor Area: 221 sq meters or 2,378 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 2021 the House Price Index for WEST MIDLANDS was 130.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 12.673%.Applying this 12.673% change to the original purchase price of £970,000 results in an estimated price of approximately £1,092,926.
| 21 Jan 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 130.2 | 146.7 | 12.673 % | £970,000 | £122,926 | £1,092,926 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | -64.681 % | £-627,410 | £342,589 |
| 3 Month Average | -16.120 % | £-156,360 | £813,639 |
| 6 Month Average | -6.067 % | £-58,845 | £911,154 |
This house has a floor area of 221 sq meters or 2,378 sq feet when measured on 18 Jun 2018.
The average size of a house on LICHFIELD ROAD is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near A5127 |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near A5127 |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near A5127 |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near A5127 |
| Mar 2024 | Vehicle crime | Under investigation | On or near Norfolk Gardens |