£161,712
This estimated value is based upon the latest sale price for the house of £130,000 on 26 Jun 2018. 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 | 26 Jun 2018 |
| £45,000 | 1 Jun 2001 |
| Semi-Detached |
| Freehold |
| Floor Area: 83 sq meters or 893 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 June 2018 the House Price Index for WEST MIDLANDS was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £130,000 results in an estimated price of approximately £161,712.
| 26 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £130,000 | £31,712 | £161,712 |
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 | 9.926 % | £12,903 | £142,903 |
| 3 Month Average | 10.363 % | £13,472 | £143,472 |
| 6 Month Average | 18.194 % | £23,651 | £153,651 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £76,336 | £75,000 | 12 GREAT WESTERN DRIVE |
| 14 Jul 2023 | £233,138 | £230,000 | 137 WRIGHTS LANE |
| 10 Jul 2023 | £159,142 | £157,000 | 122 WRIGHTS LANE |
| 21 Apr 2023 | £151,633 | £150,000 | 124 WRIGHTS LANE |
| 10 Aug 2022 | £178,021 | £178,500 | 119 WRIGHTS LANE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 19 Jun 2017. Using an estimated price of £161,712 means this house is valued at £1,948 per sq meter (£181 per sq foot).
The average size of a house on WRIGHTS LANE is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Great Western Drive |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Meadow Street |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cherry Orchard |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cherry Orchard |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Wesley Close |