£182,276
This estimated value is based upon the latest sale price for the house of £105,500 on 29 Feb 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £105,500 | 29 Feb 2012 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 810 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 2012 the House Price Index for WEST MIDLANDS was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.774%.Applying this 72.774% change to the original purchase price of £105,500 results in an estimated price of approximately £182,276.
| 29 Feb 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.774 % | £105,500 | £76,776 | £182,276 |
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 | -13.609 % | £-14,357 | £91,142 |
| 3 Month Average | 49.762 % | £52,498 | £157,998 |
| 6 Month Average | 55.594 % | £58,651 | £164,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £296,537 | £290,000 | 11 SHEILA AVENUE |
| 27 Jan 2023 | £230,616 | £230,000 | 18 WOOTTON AVENUE |
| 30 Sep 2022 | £222,851 | £223,000 | 91 SPRINGHILL ROAD |
| 21 Jul 2022 | £267,177 | £264,500 | 208 SPRINGHILL ROAD |
| 12 Jul 2022 | £242,429 | £240,000 | 110 SPRINGHILL ROAD |
This house has a floor area of 75 sq meters or 810 sq feet when measured on 22 Dec 2011. Using an estimated price of £182,277 means this house is valued at £2,421 per sq meter (£225 per sq foot).
The average size of a house on MERCER GROVE is 123 sq meters (1,326 sq feet).
This house is the smallest in the street with a floor area of 75 sq meters (810 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mercer Grove |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Duckhouse Road |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Sheila Avenue |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thomas Mason Close |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thomas Mason Close |