£119,141
This estimated value is based upon the latest sale price for the house of £65,000 on 20 Mar 2009. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £65,000 | 20 Mar 2009 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 843 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 2009 the House Price Index for WEST MIDLANDS was 80.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 83.294%.Applying this 83.294% change to the original purchase price of £65,000 results in an estimated price of approximately £119,141.
| 20 Mar 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.0 | 146.7 | 83.294 % | £65,000 | £54,141 | £119,141 |
The Postcode Pricing Model uses changes in average sales price within the B23 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 | 156.134 % | £101,486 | £166,486 |
| 3 Month Average | 80.759 % | £52,493 | £117,493 |
| 6 Month Average | 44.363 % | £28,836 | £93,836 |
This house has a floor area of 78 sq meters or 843 sq feet when measured on 1 May 2009.
The average size of a house on LAKES ROAD is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Lakes Road |
| Jan 2024 | Drugs | Unable to prosecute suspect | On or near Lakes Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lakes Road |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Cygnet Grove |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cygnet Grove |