£538,550
This estimated value is based upon the latest sale price for the house of £540,000 on 17 Aug 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £540,000 | 17 Aug 2022 |
| £230,000 | 10 Nov 2010 |
| Detached |
| Freehold |
| Floor Area: 184 sq meters or 1,980 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 August 2022 the House Price Index for WEST MIDLANDS was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £540,000 results in an estimated price of approximately £538,550.
| 17 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £540,000 | £-1,449 | £538,550 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 73.076 % | £394,612 | £934,612 |
| 3 Month Average | 2.842 % | £15,347 | £555,347 |
| 6 Month Average | 5.309 % | £28,666 | £568,666 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £302,648 | £300,000 | 8 YEW TREE LANE |
| 4 Jul 2023 | £375,048 | £370,000 | 5 DEEPMERE COTTAGES WROTTESLEY ROAD WEST |
| 21 Apr 2023 | £319,439 | £316,000 | 3 YEW TREE LANE |
| 17 Feb 2023 | £399,731 | £400,000 | 7 CRANMERE AVENUE |
| 15 Feb 2023 | £499,664 | £500,000 | 15 WERGS HALL ROAD |
This house has a floor area of 184 sq meters or 1,980 sq feet when measured on 15 Dec 2021. Using an estimated price of £538,550 means this house is valued at £2,926 per sq meter (£271 per sq foot).
The average size of a house on YEW TREE LANE is 151 sq meters (1,627 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Cranmere Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cranmere Avenue |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wergs Hall Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wergs Hall Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Popes Lane |