£163,880
This estimated value is based upon the latest sale price for the house of £32,000 on 27 Jun 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £32,000 | 27 Jun 1997 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 June 1997 the House Price Index for WEST MIDLANDS was 29.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 412.126%.Applying this 412.126% change to the original purchase price of £32,000 results in an estimated price of approximately £163,880.
| 27 Jun 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.0 | 148.6 | 412.126 % | £32,000 | £131,880 | £163,880 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 371.324 % | £118,823 | £150,823 |
| 3 Month Average | 338.591 % | £108,349 | £140,349 |
| 6 Month Average | 378.272 % | £121,047 | £153,047 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Feb 2023 | £182,877 | £183,000 | 494 WOODWAY LANE |
| 11 Jan 2023 | £186,926 | £187,807 | 475 WOODWAY LANE |
| 5 May 2022 | £118,228 | £116,000 | FLAT 7 GROVELAND COURT, 25 RINGWOOD HIGHWAY |
| 30 Mar 2022 | £139,895 | £135,000 | 11A RINGWOOD HIGHWAY |
| 14 Jan 2022 | £188,381 | £179,000 | 512 WOODWAY LANE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 8 Jun 2021. Using an estimated price of £163,880 means this house is valued at £2,560 per sq meter (£237 per sq foot).
The average size of a house on WOODWAY LANE is 89 sq meters (966 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Kentmere Close |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kentmere Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Kentmere Close |
| Dec 2023 | Violence and sexual offences | Local resolution | On or near Kentmere Close |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Darrach Close |