£220,078
This estimated value is based upon the latest sale price for the house of £119,000 on 15 May 2009. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £119,000 | 15 May 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 May 2009 the House Price Index for WEST MIDLANDS was 80.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.940%.Applying this 84.940% change to the original purchase price of £119,000 results in an estimated price of approximately £220,078.
| 15 May 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.4 | 148.6 | 84.940 % | £119,000 | £101,078 | £220,078 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 42.924 % | £51,079 | £170,079 |
| 3 Month Average | 26.053 % | £31,002 | £150,002 |
| 6 Month Average | 41.252 % | £49,090 | £168,090 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £189,810 | £187,000 | 9 LORNE STREET |
| 15 Nov 2023 | £177,630 | £175,000 | 33 HIGH STREET |
| 10 Jul 2023 | £177,387 | £175,000 | 3 RICHARDS ROAD |
| 22 Feb 2023 | £167,887 | £168,000 | 6 PARKES LANE |
| 30 Jan 2023 | £238,875 | £240,000 | 21 HENN DRIVE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 22 Nov 2013. Using an estimated price of £220,079 means this house is valued at £2,445 per sq meter (£227 per sq foot).
The average size of a house on PARKES LANE is 113 sq meters (1,220 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parkes Lane |
| Jan 2024 | Possession of weapons | Investigation complete; no suspect identified | On or near Parkes Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parkes Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Parkes Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Waring Close |