£89,805
This estimated value is based upon the latest sale price for the house of £52,000 on 9 May 2011. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £52,000 | 9 May 2011 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2011 the House Price Index for WEST MIDLANDS was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.704%.Applying this 72.704% change to the original purchase price of £52,000 results in an estimated price of approximately £89,805.
| 9 May 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.704 % | £52,000 | £37,805 | £89,805 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 103.266 % | £53,698 | £105,698 |
| 3 Month Average | 59.936 % | £31,166 | £83,166 |
| 6 Month Average | 67.467 % | £35,082 | £87,082 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £177,267 | £175,000 | 7 EDINBURGH ROAD |
| 14 Sep 2023 | £192,461 | £190,000 | 104 BRADLEY LANE |
| 31 Jul 2023 | £177,387 | £175,000 | 5 PACE CRESCENT |
| 31 Jul 2023 | £192,592 | £190,000 | 47 LEES TERRACE |
| 21 Jul 2023 | £209,824 | £207,000 | 130 WALLACE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 5 Sep 2019. Using an estimated price of £89,806 means this house is valued at £1,136 per sq meter (£105 per sq foot).
The average size of a house on MERVYN ROAD is 87 sq meters (945 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Shoplifting | Under investigation | On or near Mervyn Place |
| Mar 2024 | Shoplifting | Under investigation | On or near Mervyn Place |
| Mar 2024 | Drugs | Local resolution | On or near Mervyn Place |
| Mar 2024 | Shoplifting | Unable to prosecute suspect | On or near Mervyn Place |
| Mar 2024 | Shoplifting | Under investigation | On or near Mervyn Place |