£407,096
This estimated value is based upon the latest sale price for the house of £177,500 on 25 Jul 2003. 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 Newlands Lane
More crime details
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| Price Paid | Date |
|---|---|
| £177,500 | 25 Jul 2003 |
| Terraced |
| Freehold |
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 July 2003 the House Price Index for WEST MIDLANDS was 64.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 129.350%.Applying this 129.350% change to the original purchase price of £177,500 results in an estimated price of approximately £407,096.
| 25 Jul 2003 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 146.7 | 129.350 % | £177,500 | £229,596 | £407,096 |
The Postcode Pricing Model uses changes in average sales price within the B37 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 | 127.884 % | £226,994 | £404,494 |
| 3 Month Average | 131.465 % | £233,350 | £410,850 |
| 6 Month Average | 125.328 % | £222,457 | £399,957 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Newlands Lane |
| Mar 2024 | Anti-social behaviour | On or near Newlands Lane | |
| Mar 2024 | Burglary | Under investigation | On or near Newlands Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Newlands Lane |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near The Fordrift |