£154,351
This estimated value is based upon the latest sale price for the house of £95,000 on 1 Nov 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £95,000 | 1 Nov 2013 |
| £80,000 | 8 Jun 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 766 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 November 2013 the House Price Index for WEST MIDLANDS was 91.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.475%.Applying this 62.475% change to the original purchase price of £95,000 results in an estimated price of approximately £154,351.
| 1 Nov 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 148.6 | 62.475 % | £95,000 | £59,351 | £154,351 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 6.550 % | £6,222 | £101,222 |
| 3 Month Average | 57.187 % | £54,327 | £149,327 |
| 6 Month Average | 86.016 % | £81,715 | £176,715 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £188,295 | £185,000 | 96 MARSH LANE |
| 21 Sep 2023 | £83,062 | £82,000 | 6 CADDICK CRESCENT |
| 30 Jun 2023 | £207,514 | £205,000 | 8H MELROSE AVENUE |
| 6 Apr 2023 | £265,357 | £262,500 | 46 BEVERLEY ROAD |
| 31 Mar 2023 | £156,474 | £155,000 | 34 WESTMINSTER ROAD |
This house has a floor area of 71 sq meters or 766 sq feet when measured on 7 Jul 2011. Using an estimated price of £154,351 means this house is valued at £2,167 per sq meter (£201 per sq foot).
The average size of a house on WESTMINSTER ROAD is 80 sq meters (871 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Marsh Lane |
| Mar 2024 | Anti-social behaviour | On or near Marsh Lane | |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Marsh Lane |
| Feb 2024 | Theft from the person | Unable to prosecute suspect | On or near Marsh Lane |
| Jan 2024 | Drugs | Local resolution | On or near Marsh Lane |