£228,604
This estimated value is based upon the latest sale price for the house of £232,500 on 5 Jan 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Lakey Lane
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| Price Paid | Date |
|---|---|
| £232,500 | 5 Jan 2023 |
| £200,000 | 28 Oct 2020 |
| £168,500 | 16 Dec 2015 |
| £91,000 | 20 Dec 2001 |
| Terraced |
| 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 January 2023 the House Price Index for WEST MIDLANDS was 149.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of -1.676%.Applying this -1.676% change to the original purchase price of £232,500 results in an estimated price of approximately £228,604.
| 5 Jan 2023 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.2 | 146.7 | -1.676 % | £232,500 | £-3,895 | £228,604 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | -23.134 % | £-53,786 | £178,713 |
| 3 Month Average | -26.171 % | £-60,847 | £171,652 |
| 6 Month Average | 2.411 % | £5,606 | £238,106 |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 10 Sep 2015.
The average size of a house on LAKEY LANE is 96 sq meters (1,038 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lakey Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lakey Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lakey Lane |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lakey Lane |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Lakey Lane |