£433,469
This estimated value is based upon the latest sale price for the house of £115,500 on 9 Jun 2000. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £115,500 | 9 Jun 2000 |
| Detached |
| 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 June 2000 the House Price Index for WEST MIDLANDS was 39.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 275.298%.Applying this 275.298% change to the original purchase price of £115,500 results in an estimated price of approximately £433,469.
| 9 Jun 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.6 | 148.6 | 275.298 % | £115,500 | £317,969 | £433,469 |
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 | 23.885 % | £27,587 | £143,087 |
| 3 Month Average | 202.851 % | £234,293 | £349,793 |
| 6 Month Average | 196.919 % | £227,441 | £342,941 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £76,845 | £75,500 | FLAT 89 MERRIDALE COURT MERRIDALE ROAD |
| 1 Dec 2023 | £91,603 | £90,000 | FLAT 154 MERRIDALE COURT MERRIDALE ROAD |
| 21 Sep 2023 | £260,835 | £257,500 | 7 GAMESFIELD GREEN |
| 31 Mar 2023 | £333,139 | £330,000 | 19 GLENGARRY GARDENS |
| 23 Mar 2023 | £88,837 | £88,000 | FLAT 94 MERRIDALE COURT MERRIDALE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Faraday Gardens |
| Mar 2024 | Robbery | Under investigation | On or near Faraday Gardens |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Faraday Gardens |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Faraday Gardens |
| Feb 2024 | Public order | Under investigation | On or near Faraday Gardens |