£112,956
This estimated value is based upon the latest sale price for the house of £67,500 on 17 May 2013. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £67,500 | 17 May 2013 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 May 2013 the House Price Index for WEST MIDLANDS was 88.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 67.342%.Applying this 67.342% change to the original purchase price of £67,500 results in an estimated price of approximately £112,956.
| 17 May 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 148.6 | 67.342 % | £67,500 | £45,456 | £112,956 |
The Postcode Pricing Model uses changes in average sales price within the B32 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 | 18.500 % | £12,487 | £79,987 |
| 3 Month Average | 30.206 % | £20,389 | £87,889 |
| 6 Month Average | 46.876 % | £31,641 | £99,141 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £137,500 | £137,500 | 27 MILEBROOK GROVE |
| 24 Jul 2023 | £228,070 | £225,000 | 24 ROMSLEY ROAD |
| 14 Apr 2023 | £171,850 | £170,000 | 10 MEATON GROVE |
| 31 Jan 2023 | £89,578 | £90,000 | 47 HASBURY ROAD |
| 1 Jul 2022 | £172,464 | £172,000 | 14 MEATON GROVE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 2 Feb 2013. Using an estimated price of £112,956 means this house is valued at £1,526 per sq meter (£141 per sq foot).
The average size of a house on FIELD LANE is 85 sq meters (925 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Unable to prosecute suspect | On or near Field Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Field Lane |
| Feb 2024 | Other theft | Unable to prosecute suspect | On or near Field Lane |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Field Lane |
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Field Lane |