£232,996
This estimated value is based upon the latest sale price for the house of £175,000 on 15 Aug 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £175,000 | 15 Aug 2016 |
| 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 August 2016 the House Price Index for WEST MIDLANDS was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £175,000 results in an estimated price of approximately £232,996.
| 15 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £175,000 | £57,996 | £232,996 |
The Postcode Pricing Model uses changes in average sales price within the WS4 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 | 104.039 % | £182,068 | £357,068 |
| 3 Month Average | -2.714 % | £-4,750 | £170,249 |
| 6 Month Average | 20.621 % | £36,086 | £211,086 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £95,000 | £95,000 | FLAT 19 HAYLING COURT, 48 LICHFIELD ROAD |
| 4 Aug 2023 | £136,191 | £135,000 | FLAT 2 HAYLING COURT, 48 LICHFIELD ROAD |
| 28 Jul 2023 | £215,399 | £212,500 | 47 LICHFIELD ROAD |
| 21 Mar 2023 | £171,617 | £170,000 | 78 LICHFIELD ROAD |
| 20 Jan 2023 | £116,949 | £117,500 | FLAT 3 HAYLING COURT, 48 LICHFIELD ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 24 Feb 2016. Using an estimated price of £232,996 means this house is valued at £2,588 per sq meter (£240 per sq foot).
The average size of a house on FAIRWAY is 104 sq meters (1,130 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Meadow Brook |
| Mar 2024 | Robbery | Under investigation | On or near Meadow Brook |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Martley Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Schoolgate Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Schoolgate Close |