£388,547
This estimated value is based upon the latest sale price for the house of £325,000 on 18 Jun 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £325,000 | 18 Jun 2020 |
| £250,000 | 11 Jul 2016 |
| £235,000 | 17 Jul 2009 |
| Detached |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 June 2020 the House Price Index for WEST MIDLANDS was 122.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 19.553%.Applying this 19.553% change to the original purchase price of £325,000 results in an estimated price of approximately £388,547.
| 18 Jun 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 146.7 | 19.553 % | £325,000 | £63,547 | £388,547 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 45.170 % | £146,801 | £471,801 |
| 3 Month Average | 14.828 % | £48,191 | £373,191 |
| 6 Month Average | 1.201 % | £3,902 | £328,902 |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 12 Feb 2020.
The average size of a house on BROAD LANE is 89 sq meters (958 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Under investigation | On or near Broad Lane |
| Jan 2024 | Possession of weapons | Unable to prosecute suspect | On or near Broad Lane |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Broad Lane |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Star Street |
| Jan 2024 | Anti-social behaviour | On or near Star Street |