£312,836
This estimated value is based upon the latest sale price for the house of £235,500 on 23 Sep 2016. 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 Heathy Rise
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| Price Paid | Date |
|---|---|
| £235,500 | 23 Sep 2016 |
| £162,000 | 28 Mar 2003 |
| Detached |
| Freehold |
| Floor Area: 158 sq meters or 1,700 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 September 2016 the House Price Index for WEST MIDLANDS was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £235,500 results in an estimated price of approximately £312,836.
| 23 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £235,500 | £77,336 | £312,836 |
The Postcode Pricing Model uses changes in average sales price within the B32 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 | 2.356 % | £5,547 | £241,047 |
| 3 Month Average | 28.203 % | £66,417 | £301,917 |
| 6 Month Average | 29.520 % | £69,519 | £305,019 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Mar 2024 | £122,000 | £122,000 | 56 LYE AVENUE |
| 29 Sep 2023 | £259,316 | £256,000 | 6 LOWFIELD CLOSE |
| 24 Jul 2023 | £253,411 | £250,000 | 106 WOODGATE LANE |
| 9 Jun 2023 | £192,330 | £190,000 | 68 WOODGATE LANE |
| 24 Mar 2023 | £88,332 | £87,500 | 91 LYE AVENUE |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 12 Aug 2014. Using an estimated price of £312,836 means this house is valued at £1,979 per sq meter (£183 per sq foot).
The average size of a house on WOODGATE LANE is 89 sq meters (961 sq feet).
This house is the largest in the street with a floor area of 158 sq meters (1,700 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Unable to prosecute suspect | On or near Heathy Rise |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Heathy Rise |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Heathy Rise |
| Feb 2024 | Public order | Under investigation | On or near Heathy Rise |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Heathy Rise |