£277,984
This estimated value is based upon the latest sale price for the house of £225,000 on 14 Jun 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 | 14 Jun 2019 |
| £179,500 | 26 Nov 2004 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 904 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 2019 the House Price Index for WEST MIDLANDS was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £225,000 results in an estimated price of approximately £277,984.
| 14 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £225,000 | £52,984 | £277,984 |
The Postcode Pricing Model uses changes in average sales price within the B63 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 | 15.359 % | £34,557 | £259,557 |
| 3 Month Average | 0.937 % | £2,107 | £227,107 |
| 6 Month Average | 12.415 % | £27,932 | £252,932 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £206,809 | £205,000 | 46 SHELTON LANE |
| 26 Jan 2023 | £228,922 | £230,000 | 39 SHELTON LANE |
| 23 Jan 2023 | £298,593 | £300,000 | 57 BANNERS LANE |
| 23 May 2022 | £254,801 | £250,000 | 58 STOURDELL ROAD |
| 29 Apr 2022 | £164,768 | £160,000 | 12 COLMAN HILL AVENUE |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 4 Aug 2018. Using an estimated price of £277,985 means this house is valued at £3,309 per sq meter (£307 per sq foot).
The average size of a house on BANNERS LANE is 97 sq meters (1,044 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Stourdell Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Colman Hill Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Colman Hill Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bath Meadow |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bath Meadow |