£230,714
This estimated value is based upon the latest sale price for the house of £142,000 on 25 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 |
|---|---|
| £142,000 | 25 Nov 2013 |
| Terraced |
| Freehold |
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 £142,000 results in an estimated price of approximately £230,714.
| 25 Nov 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 148.6 | 62.475 % | £142,000 | £88,714 | £230,714 |
The Postcode Pricing Model uses changes in average sales price within the B28 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 | -11.333 % | £-16,092 | £125,907 |
| 3 Month Average | 35.068 % | £49,796 | £191,796 |
| 6 Month Average | 58.900 % | £83,637 | £225,637 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jan 2023 | £231,410 | £232,500 | 148 LAKEY LANE |
| 8 Jul 2022 | £336,907 | £336,000 | 55 MIALL ROAD |
| 16 Dec 2021 | £267,844 | £250,000 | 183 SCHOOL ROAD |
| 30 Sep 2021 | £285,562 | £265,000 | 3 EDENBRIDGE ROAD |
| 25 Jun 2021 | £305,783 | £285,000 | 521 SHIRLEY ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lakey Lane |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lakey Lane |