£238,580
This estimated value is based upon the latest sale price for the house of £195,000 on 24 Feb 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £195,000 | 24 Feb 2020 |
| £101,000 | 20 Sep 2002 |
| Terraced |
| Freehold |
| Floor Area: 158 sq meters or 1,700 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 February 2020 the House Price Index for WEST MIDLANDS was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £195,000 results in an estimated price of approximately £238,580.
| 24 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £195,000 | £43,580 | £238,580 |
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 | -54.486 % | £-106,246 | £88,753 |
| 3 Month Average | 15.434 % | £30,096 | £225,096 |
| 6 Month Average | 4.789 % | £9,338 | £204,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £217,933 | £215,000 | 11 MERRIDALE CRESCENT |
| 28 Feb 2023 | £299,798 | £300,000 | 17 MERRIDALE LANE |
| 19 Aug 2022 | £109,705 | £110,000 | 78 MERRIDALE ROAD |
| 28 Mar 2022 | £168,393 | £162,500 | FLAT 12A COMPTON COURT COMPTON ROAD |
| 25 Mar 2022 | £207,252 | £200,000 | 4 MERRIDALE CRESCENT |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 23 Sep 2019. Using an estimated price of £238,581 means this house is valued at £1,510 per sq meter (£140 per sq foot).
The average size of a house on MERRIDALE LANE is 150 sq meters (1,624 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Merridale Lane |
| Mar 2024 | Other theft | Under investigation | On or near Merridale Lane |