£131,228
This estimated value is based upon the latest sale price for the house of £79,000 on 10 Jul 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £79,000 | 10 Jul 2013 |
| £39,250 | 6 Jul 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 July 2013 the House Price Index for WEST MIDLANDS was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £79,000 results in an estimated price of approximately £131,228.
| 10 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £79,000 | £52,228 | £131,228 |
The Postcode Pricing Model uses changes in average sales price within the WS3 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 | 6.048 % | £4,778 | £83,778 |
| 3 Month Average | 51.065 % | £40,341 | £119,341 |
| 6 Month Average | 51.985 % | £41,068 | £120,068 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £136,842 | £135,000 | 22 GREEN LANE |
| 17 Feb 2023 | £174,882 | £175,000 | 26 STOWE STREET |
| 26 Jan 2023 | £209,015 | £210,000 | 106 SOMERFIELD ROAD |
| 13 Jan 2023 | £290,631 | £292,000 | 8 HIGH STREET |
| 30 Nov 2022 | £198,594 | £201,000 | 39 STOWE STREET |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 10 Nov 2012. Using an estimated price of £131,229 means this house is valued at £1,411 per sq meter (£131 per sq foot).
The average size of a house on OLD LANE is 117 sq meters (1,262 sq feet).
This house is the largest in the street with a floor area of 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Old Lane | |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Old Lane |
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Old Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Old Lane |
| Feb 2024 | Anti-social behaviour | On or near Old Lane |