£700,536
This estimated value is based upon the latest sale price for the house of £235,000 on 1 Mar 2002. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £235,000 | 1 Mar 2002 |
| Detached |
| Freehold |
| Floor Area: 179 sq meters or 1,926 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 2002 the House Price Index for WEST MIDLANDS was 49.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 198.101%.Applying this 198.101% change to the original purchase price of £235,000 results in an estimated price of approximately £700,536.
| 1 Mar 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.2 | 146.7 | 198.101 % | £235,000 | £465,536 | £700,536 |
The Postcode Pricing Model uses changes in average sales price within the B37 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 | 177.125 % | £416,243 | £651,243 |
| 3 Month Average | 168.914 % | £396,947 | £631,947 |
| 6 Month Average | 170.949 % | £401,730 | £636,730 |
This house has a floor area of 179 sq meters or 1,926 sq feet when measured on 18 Jun 2020.
The average size of a house on CHELMSLEY LANE is 123 sq meters (1,328 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wood Lane |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wood Lane |
| Mar 2024 | Public order | Under investigation | On or near Wood Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wood Lane |
| Mar 2024 | Anti-social behaviour | On or near Chelmsley Lane |