£189,535
This estimated value is based upon the latest sale price for the house of £125,000 on 26 Sep 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Wesley Close
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| Price Paid | Date |
|---|---|
| £125,000 | 26 Sep 2014 |
| £70,000 | 18 Dec 2000 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 September 2014 the House Price Index for WEST MIDLANDS was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £125,000 results in an estimated price of approximately £189,535.
| 26 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 149.7 | 51.628 % | £125,000 | £64,535 | £189,535 |
The Postcode Pricing Model uses changes in average sales price within the B64 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 | 129.308 % | £161,635 | £286,635 |
| 3 Month Average | 19.098 % | £23,872 | £148,872 |
| 6 Month Average | 30.054 % | £37,567 | £162,567 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Apr 2023 | £152,859 | £150,000 | 124 WRIGHTS LANE |
| 8 Feb 2023 | £186,244 | £185,000 | 11 BLOSSOM GROVE |
| 10 Aug 2022 | £179,339 | £178,500 | 119 WRIGHTS LANE |
| 22 Jul 2022 | £180,812 | £179,000 | 30 CLIFTON STREET |
| 14 Jun 2022 | £250,352 | £245,000 | 11 WESLEY CLOSE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 19 Aug 2020. Using an estimated price of £189,535 means this house is valued at £2,461 per sq meter (£228 per sq foot).
The average size of a house on WRIGHTS LANE is 77 sq meters (835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Investigation complete; no suspect identified | On or near Wesley Close |
| Jul 2024 | Burglary | Under investigation | On or near Wesley Close |
| Apr 2024 | Public order | Unable to prosecute suspect | On or near Cherry Orchard |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Clifton Street |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Clifton Street |