£389,147
This estimated value is based upon the latest sale price for the house of £315,000 on 27 Mar 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £315,000 | 27 Mar 2019 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 March 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.539%.Applying this 23.539% change to the original purchase price of £315,000 results in an estimated price of approximately £389,147.
| 27 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £315,000 | £74,147 | £389,147 |
The Postcode Pricing Model uses changes in average sales price within the WV4 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 | 33.594 % | £105,819 | £420,819 |
| 3 Month Average | 25.795 % | £81,254 | £396,254 |
| 6 Month Average | 29.943 % | £94,319 | £409,319 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £425,730 | £420,000 | 20 SHOWELL LANE |
| 30 Jun 2023 | £344,118 | £339,950 | 10 NORTON CLOSE |
| 20 Jun 2023 | £313,801 | £310,000 | 326 WARSTONES ROAD |
| 23 Sep 2022 | £565,434 | £570,000 | 3 THE WATER GARDENS |
| 21 Dec 2021 | £374,982 | £350,000 | 13 SPRINGHILL LANE |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 16 Apr 2018. Using an estimated price of £389,147 means this house is valued at £3,113 per sq meter (£289 per sq foot).
The average size of a house on LARKSWOOD DRIVE is 142 sq meters (1,539 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Larkswood Drive |
| Mar 2024 | Other theft | Under investigation | On or near Springhill Park |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Springhill Park |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Water Gardens |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near The Water Gardens |