£192,240
This estimated value is based upon the latest sale price for the house of £156,000 on 19 Oct 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £156,000 | 19 Oct 2018 |
| £121,500 | 6 Nov 2014 |
| Terraced |
| Freehold |
| Floor Area: 73 sq meters or 785 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 October 2018 the House Price Index for WEST MIDLANDS was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £156,000 results in an estimated price of approximately £192,240.
| 19 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £156,000 | £36,240 | £192,240 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 13.809 % | £21,542 | £177,542 |
| 3 Month Average | 4.049 % | £6,316 | £162,316 |
| 6 Month Average | 31.296 % | £48,821 | £204,821 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £132,697 | £131,000 | APARTMENT 3 RIDGEACRE HOUSE SHROPSHIRE WAY |
| 8 Sep 2023 | £182,331 | £180,000 | 53 LYNTON AVENUE |
| 30 Jun 2023 | £117,422 | £116,000 | APARTMENT 2 ELWELL HOUSE SHROPSHIRE WAY |
| 17 Feb 2023 | £259,825 | £260,000 | 10 JOWETTS LANE |
| 26 May 2022 | £88,671 | £87,000 | APARTMENT 5 MILLPOOL HOUSE SHROPSHIRE WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 30 Apr 2014. Using an estimated price of £192,240 means this house is valued at £2,633 per sq meter (£244 per sq foot).
The average size of a house on CLARKES LANE is 86 sq meters (934 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other crime | Unable to prosecute suspect | On or near Clarke'S Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clarke'S Lane |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Clarke'S Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clarke'S Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clarke'S Lane |