£394,346
This estimated value is based upon the latest sale price for the house of £262,000 on 24 Sep 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £262,000 | 24 Sep 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 90 sq meters or 970 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 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £262,000 results in an estimated price of approximately £394,346.
| 24 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £262,000 | £132,346 | £394,346 |
The Postcode Pricing Model uses changes in average sales price within the B91 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 | -4.878 % | £-12,780 | £249,219 |
| 3 Month Average | -16.971 % | £-44,463 | £217,536 |
| 6 Month Average | 12.548 % | £32,875 | £294,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £384,922 | £380,000 | 109 LODE LANE |
| 4 Aug 2023 | £504,413 | £500,000 | 89 LODE LANE |
| 15 Sep 2022 | £406,716 | £410,000 | 85 LODE LANE |
| 27 Jul 2022 | £200,540 | £200,000 | APARTMENT 9 1 HERMITAGE ROAD |
| 25 Feb 2022 | £283,148 | £270,000 | 2 LIGHTHORNE ROAD |
This house has a floor area of 90 sq meters or 970 sq feet when measured on 23 Jun 2011. Using an estimated price of £394,346 means this house is valued at £4,371 per sq meter (£406 per sq foot).
The average size of a house on LODE LANE is 108 sq meters (1,163 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hermitage Road |
| Feb 2024 | Anti-social behaviour | On or near Hermitage Road | |
| Feb 2024 | Anti-social behaviour | On or near Hermitage Road | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lighthorne Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Lighthorne Road |