£241,034
This estimated value is based upon the latest sale price for the house of £42,000 on 6 Oct 1995. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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Price Paid | Date |
---|---|
£42,000 | 6 Oct 1995 |
Terraced |
Freehold |
Floor Area: 94 sq meters or 1,011 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 October 1995 the House Price Index for WEST MIDLANDS was 26.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 473.891%.Applying this 473.891% change to the original purchase price of £42,000 results in an estimated price of approximately £241,034.
6 Oct 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.1 | 149.7 | 473.891 % | £42,000 | £199,034 | £241,034 |
The Postcode Pricing Model uses changes in average sales price within the WV11 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 | 98.612 % | £41,416 | £83,416 |
3 Month Average | 275.418 % | £115,675 | £157,675 |
6 Month Average | 279.800 % | £117,515 | £159,515 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Apr 2024 | £218,901 | £217,000 | 193 LINTHOUSE LANE |
4 Apr 2024 | £229,997 | £228,000 | 145 SPRINGHILL ROAD |
8 Sep 2023 | £296,537 | £290,000 | 11 SHEILA AVENUE |
30 Sep 2022 | £222,851 | £223,000 | 91 SPRINGHILL ROAD |
21 Jul 2022 | £267,177 | £264,500 | 208 SPRINGHILL ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 4 Jul 2014. Using an estimated price of £241,034 means this house is valued at £2,564 per sq meter (£238 per sq foot).
The average size of a house on MERCER GROVE is 123 sq meters (1,326 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mercer Grove |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Sheila Avenue |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Duckhouse Road |
Jun 2024 | Public order | Under investigation | On or near Sudbury Close |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sudbury Close |