£188,470
This estimated value is based upon the latest sale price for the house of £124,950 on 18 Jul 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £124,950 | 18 Jul 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 July 2014 the House Price Index for WEST MIDLANDS was 97.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 50.837%.Applying this 50.837% change to the original purchase price of £124,950 results in an estimated price of approximately £188,470.
| 18 Jul 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 146.7 | 50.837 % | £124,950 | £63,520 | £188,470 |
The Postcode Pricing Model uses changes in average sales price within the B24 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 | -33.805 % | £-42,239 | £82,710 |
| 3 Month Average | 39.994 % | £49,972 | £174,922 |
| 6 Month Average | 41.784 % | £52,209 | £177,159 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 16 May 2014.
The average size of a house on SPRING LANE is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spring Lane |
| Feb 2024 | Anti-social behaviour | On or near Spring Lane | |
| Feb 2024 | Anti-social behaviour | On or near Spring Lane | |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Spring Lane |
| Feb 2024 | Anti-social behaviour | On or near Spring Lane |