£163,428
This estimated value is based upon the latest sale price for the house of £130,000 on 20 Dec 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £130,000 | 20 Dec 2017 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 December 2017 the House Price Index for WEST MIDLANDS was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £130,000 results in an estimated price of approximately £163,428.
| 20 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £130,000 | £33,428 | £163,428 |
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 | -27.085 % | £-35,210 | £94,789 |
| 3 Month Average | 13.682 % | £17,786 | £147,786 |
| 6 Month Average | 40.172 % | £52,224 | £182,224 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Mar 2023 | £156,979 | £155,500 | 9 LELLOW STREET |
| 17 Feb 2023 | £259,825 | £260,000 | 10 JOWETTS LANE |
| 3 Feb 2023 | £204,862 | £205,000 | 19 LELLOW STREET |
| 10 Aug 2022 | £144,611 | £145,000 | 31 LELLOW STREET |
| 29 Jun 2022 | £223,154 | £220,000 | 10 LYNTON AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 5 Sep 2017. Using an estimated price of £163,428 means this house is valued at £2,122 per sq meter (£197 per sq foot).
The average size of a house on JOWETTS LANE is 83 sq meters (897 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Unable to prosecute suspect | On or near Jowett'S Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jowett'S Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jowett'S Lane |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Jowett'S Lane |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Jubilee Avenue |