£188,765
This estimated value is based upon the latest sale price for the house of £180,000 on 25 Feb 2022. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £180,000 | 25 Feb 2022 |
| £135,000 | 22 Nov 2019 |
| £125,000 | 16 Mar 2007 |
| £111,500 | 2 Dec 2004 |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 2022 the House Price Index for WEST MIDLANDS was 141.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 4.869%.Applying this 4.869% change to the original purchase price of £180,000 results in an estimated price of approximately £188,765.
| 25 Feb 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.6 | 4.869 % | £180,000 | £8,765 | £188,765 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | 20.214 % | £36,385 | £216,385 |
| 3 Month Average | -7.752 % | £-13,953 | £166,046 |
| 6 Month Average | -4.366 % | £-7,858 | £172,141 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jan 2023 | £139,294 | £139,950 | 10 RAYMOND CLOSE |
| 25 Feb 2022 | £188,765 | £180,000 | 29 FOREST LANE |
| 18 Feb 2022 | £146,817 | £140,000 | 369 BLOXWICH ROAD |
| 31 Jan 2022 | £178,909 | £170,000 | 36 KENT STREET |
| 28 Jan 2022 | £157,861 | £150,000 | 339 BLOXWICH ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 13 Jul 2015. Using an estimated price of £188,765 means this house is valued at £1,716 per sq meter (£159 per sq foot).
The average size of a house on FOREST LANE is 112 sq meters (1,208 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Local resolution | On or near Raymond Close |
| Feb 2024 | Anti-social behaviour | On or near Raymond Close | |
| Feb 2024 | Anti-social behaviour | On or near Raymond Close | |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Raymond Close |
| Dec 2023 | Possession of weapons | Unable to prosecute suspect | On or near Raymond Close |