£428,221
This estimated value is based upon the latest sale price for the house of £350,000 on 21 Feb 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £350,000 | 21 Feb 2020 |
| £350,000 | 21 Feb 2020 |
| £300,000 | 26 Jan 2006 |
| Detached |
| Freehold |
| Floor Area: 128 sq meters or 1,377 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 February 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £350,000 results in an estimated price of approximately £428,221.
| 21 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £350,000 | £78,221 | £428,221 |
The Postcode Pricing Model uses changes in average sales price within the WV6 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 | 10.964 % | £38,373 | £388,373 |
| 3 Month Average | 16.689 % | £58,413 | £408,413 |
| 6 Month Average | 15.924 % | £55,732 | £405,732 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £857,502 | £850,000 | 15 STOCKWELL ROAD |
| 23 Jan 2023 | £398,125 | £400,000 | 26 KNIGHTS AVENUE |
| 15 Sep 2022 | £362,076 | £365,000 | 42 KNIGHTS AVENUE |
| 30 Jun 2022 | £436,164 | £430,000 | 38 KNIGHTS AVENUE |
| 22 Jun 2022 | £502,096 | £495,000 | 29 TYNINGHAME AVENUE |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 3 Aug 2017. Using an estimated price of £428,221 means this house is valued at £3,345 per sq meter (£310 per sq foot).
The average size of a house on LOTHIANS ROAD is 201 sq meters (2,164 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lothians Road |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lothians Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Love Lane |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Love Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Redacres |