£148,965
This estimated value is based upon the latest sale price for the house of £49,000 on 26 Feb 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £49,000 | 26 Feb 2002 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 February 2002 the House Price Index for WEST MIDLANDS was 48.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 204.012%.Applying this 204.012% change to the original purchase price of £49,000 results in an estimated price of approximately £148,965.
| 26 Feb 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 146.7 | 204.012 % | £49,000 | £99,965 | £148,965 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 182.081 % | £89,219 | £138,219 |
| 3 Month Average | 125.224 % | £61,359 | £110,359 |
| 6 Month Average | 167.527 % | £82,088 | £131,088 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 19 Dec 2013.
The average size of a house on PARK LANE WEST is 88 sq meters (950 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Sherwood Avenue |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near A457 |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near A457 |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near A457 |
| Mar 2024 | Vehicle crime | Under investigation | On or near Hill Street |