£574,803
This estimated value is based upon the latest sale price for the house of £465,000 on 17 May 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £465,000 | 17 May 2019 |
| Detached |
| Freehold |
| Floor Area: 258 sq meters or 2,777 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 2019 the House Price Index for WEST MIDLANDS was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £465,000 results in an estimated price of approximately £574,803.
| 17 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £465,000 | £109,803 | £574,803 |
The Postcode Pricing Model uses changes in average sales price within the WS5 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 | -10.607 % | £-49,320 | £415,679 |
| 3 Month Average | 12.389 % | £57,609 | £522,609 |
| 6 Month Average | 11.432 % | £53,156 | £518,156 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Apr 2023 | £471,072 | £466,000 | 46 LAKE AVENUE |
| 15 Aug 2022 | £568,470 | £570,000 | 3 LAKE AVENUE |
| 11 Nov 2021 | £364,470 | £337,000 | 4 LAKE AVENUE |
| 11 Nov 2020 | £548,374 | £473,000 | 13 LAKE AVENUE |
| 23 Oct 2020 | £586,542 | £500,000 | 30 LAKE AVENUE |
This house has a floor area of 258 sq meters or 2,777 sq feet when measured on 16 Jul 2010. Using an estimated price of £574,804 means this house is valued at £2,227 per sq meter (£206 per sq foot).
The average size of a house on BIRMINGHAM ROAD is 170 sq meters (1,839 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Birmingham Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Birmingham Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lake Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lake Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lake Avenue |