£305,728
This estimated value is based upon the latest sale price for the house of £247,500 on 15 Feb 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £247,500 | 15 Feb 2019 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 956 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 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £247,500 results in an estimated price of approximately £305,728.
| 15 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.527 % | £247,500 | £58,228 | £305,728 |
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 | 124.432 % | £307,969 | £555,469 |
| 3 Month Average | 37.899 % | £93,800 | £341,300 |
| 6 Month Average | 29.977 % | £74,192 | £321,692 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £284,208 | £280,000 | 4 LOWLANDS AVENUE |
| 11 Jul 2023 | £364,911 | £360,000 | 37 SANDY LANE |
| 11 Apr 2022 | £244,062 | £237,000 | 21 ALAMEDA GARDENS |
| 6 Apr 2022 | £239,943 | £233,000 | 47 ALDERSLEY ROAD |
| 25 Mar 2022 | £313,987 | £303,000 | 14 LOWLANDS AVENUE |
This house has a floor area of 88 sq meters or 956 sq feet when measured on 20 Mar 2010. Using an estimated price of £305,729 means this house is valued at £3,442 per sq meter (£319 per sq foot).
The average size of a house on LOWLANDS AVENUE is 113 sq meters (1,223 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lowlands Avenue |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Dec 2023 | Burglary | Under investigation | On or near Parking Area |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Mar 2024 | Burglary | Unable to prosecute suspect | On or near Victoria Road |