£197,175
This estimated value is based upon the latest sale price for the house of £39,000 on 16 Jun 1997. 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 Lumley Road
More crime details
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| Price Paid | Date |
|---|---|
| £39,000 | 16 Jun 1997 |
| 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 June 1997 the House Price Index for WEST MIDLANDS was 29.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 405.578%.Applying this 405.578% change to the original purchase price of £39,000 results in an estimated price of approximately £197,175.
| 16 Jun 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.0 | 146.7 | 405.578 % | £39,000 | £158,175 | £197,175 |
The Postcode Pricing Model uses changes in average sales price within the WS1 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 | 280.158 % | £109,261 | £148,261 |
| 3 Month Average | 218.157 % | £85,081 | £124,081 |
| 6 Month Average | 305.041 % | £118,966 | £157,966 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Lumley Road |
| Mar 2024 | Other theft | Under investigation | On or near Lumley Road |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Lumley Road |
| Dec 2023 | Drugs | Local resolution | On or near Lumley Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lumley Road |