£287,931
This estimated value is based upon the latest sale price for the house of £55,000 on 24 Mar 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 Melbury Grove
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| Price Paid | Date |
|---|---|
| £55,000 | 24 Mar 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 March 1997 the House Price Index for WEST MIDLANDS was 28.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 423.513%.Applying this 423.513% change to the original purchase price of £55,000 results in an estimated price of approximately £287,931.
| 24 Mar 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 148.6 | 423.513 % | £55,000 | £232,931 | £287,931 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 274.366 % | £150,901 | £205,901 |
| 3 Month Average | 285.578 % | £157,067 | £212,067 |
| 6 Month Average | 337.996 % | £185,897 | £240,897 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2022 | £370,232 | £365,000 | 2 BRANDWOOD ROAD |
| 5 May 2022 | £463,738 | £455,000 | 11 BRANDWOOD ROAD |
| 14 Jan 2022 | £347,295 | £330,000 | 12 BRANDWOOD ROAD |
| 10 Dec 2021 | £358,911 | £335,000 | 12 BRANDWOOD GROVE |
| 27 Sep 2021 | £404,097 | £375,000 | 34 BRANDWOOD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melbury Grove |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melbury Grove |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbury Grove |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hannon Road |
| Apr 2024 | Public order | Under investigation | On or near Hannon Road |