£197,940
This estimated value is based upon the latest sale price for the house of £125,000 on 12 Feb 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £125,000 | 12 Feb 2014 |
| £135,000 | 24 Mar 2006 |
| £59,000 | 30 Jul 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 124 sq meters or 1,334 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 2014 the House Price Index for WEST MIDLANDS was 93.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.353%.Applying this 58.353% change to the original purchase price of £125,000 results in an estimated price of approximately £197,940.
| 12 Feb 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.8 | 148.6 | 58.353 % | £125,000 | £72,940 | £197,940 |
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 | 24.830 % | £31,038 | £156,038 |
| 3 Month Average | 61.378 % | £76,723 | £201,723 |
| 6 Month Average | 54.471 % | £68,088 | £193,088 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £186,000 | £186,000 | 68 KITWELL LANE |
| 21 Jul 2023 | £187,524 | £185,000 | 40 KITWELL LANE |
| 15 Mar 2023 | £181,712 | £180,000 | 64 KITWELL LANE |
| 24 Feb 2023 | £225,348 | £225,500 | 154 PINEWOOD DRIVE |
| 11 Nov 2022 | £251,948 | £255,000 | 47 KITWELL LANE |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 28 Oct 2013. Using an estimated price of £197,941 means this house is valued at £1,596 per sq meter (£148 per sq foot).
The average size of a house on PINEWOOD DRIVE is 86 sq meters (926 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pinewood Drive |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Pinewood Drive |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Pinewood Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Pinewood Drive |
| Feb 2024 | Public order | Under investigation | On or near Pinewood Drive |