£121,405
This estimated value is based upon the latest sale price for the house of £99,000 on 29 Oct 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £99,000 | 29 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 70 sq meters or 753 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 October 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £99,000 results in an estimated price of approximately £121,405.
| 29 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £99,000 | £22,405 | £121,405 |
The Postcode Pricing Model uses changes in average sales price within the DY4 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 | 13.554 % | £13,418 | £112,418 |
| 3 Month Average | -17.112 % | £-16,940 | £82,059 |
| 6 Month Average | 11.193 % | £11,081 | £110,081 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Aug 2023 | £206,809 | £205,000 | 51 WARREN CLOSE |
| 7 Jul 2023 | £182,456 | £180,000 | 1 SALTER ROAD |
| 31 Mar 2023 | £267,520 | £265,000 | 73 BELMONT CLOSE |
| 10 Mar 2023 | £159,604 | £158,100 | 16 LABURNUM ROAD |
| 8 Apr 2022 | £82,384 | £80,000 | 12 UPPER CHURCH LANE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Jul 2019. Using an estimated price of £121,406 means this house is valued at £1,734 per sq meter (£161 per sq foot).
The average size of a house on LAUREL ROAD is 98 sq meters (1,057 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fern Avenue |
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Fern Avenue |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Fern Avenue |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Fern Avenue |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Fern Avenue |