£261,867
This estimated value is based upon the latest sale price for the house of £93,500 on 29 Jul 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £93,500 | 29 Jul 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 2002 the House Price Index for WEST MIDLANDS was 53.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 180.072%.Applying this 180.072% change to the original purchase price of £93,500 results in an estimated price of approximately £261,867.
| 29 Jul 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 148.6 | 180.072 % | £93,500 | £168,367 | £261,867 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | 32.460 % | £30,350 | £123,850 |
| 3 Month Average | 107.476 % | £100,490 | £193,990 |
| 6 Month Average | 156.794 % | £146,602 | £240,102 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £293,756 | £290,000 | 35 LARCHMERE DRIVE |
| 11 Aug 2023 | £474,148 | £470,000 | 98 SCHOOL ROAD |
| 17 Apr 2023 | £262,830 | £260,000 | 23 LARCHMERE DRIVE |
| 18 Nov 2022 | £227,247 | £230,000 | 52 LARCHMERE DRIVE |
| 26 Sep 2022 | £448,379 | £452,000 | 92 SCHOOL ROAD |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 19 Mar 2014. Using an estimated price of £261,868 means this house is valued at £3,009 per sq meter (£279 per sq foot).
The average size of a house on LARCHMERE DRIVE is 88 sq meters (955 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Larchmere Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Larchmere Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Larchmere Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Larchmere Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Larchmere Drive |