£274,808
This estimated value is based upon the latest sale price for the house of £225,000 on 25 Oct 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £225,000 | 25 Oct 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 October 2019 the House Price Index for WEST MIDLANDS was 121.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.137%.Applying this 22.137% change to the original purchase price of £225,000 results in an estimated price of approximately £274,808.
| 25 Oct 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.0 | 22.137 % | £225,000 | £49,808 | £274,808 |
The Postcode Pricing Model uses changes in average sales price within the B62 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 | 57.327 % | £128,986 | £353,986 |
| 3 Month Average | 9.801 % | £22,052 | £247,052 |
| 6 Month Average | 17.891 % | £40,255 | £265,255 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £135,750 | £135,750 | 56 LODGEFIELD ROAD |
| 14 Dec 2023 | £297,121 | £291,500 | 33 CHATSWORTH ROAD |
| 27 Nov 2023 | £303,901 | £300,000 | 4 CHATSWORTH ROAD |
| 14 Jul 2023 | £270,055 | £267,500 | 37 WOBURN DRIVE |
| 12 May 2022 | £385,734 | £380,000 | 125A HIGH HADEN ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 31 May 2019. Using an estimated price of £274,809 means this house is valued at £3,816 per sq meter (£354 per sq foot).
The average size of a house on LODGEFIELD ROAD is 88 sq meters (949 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodgefield Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodgefield Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lodgefield Road |
| Feb 2024 | Burglary | Unable to prosecute suspect | On or near Station Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chapel Close |