£164,205
This estimated value is based upon the latest sale price for the house of £137,500 on 18 Aug 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £137,500 | 18 Aug 2020 |
| £106,500 | 25 Jul 2007 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 August 2020 the House Price Index for WEST MIDLANDS was 123.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 19.422%.Applying this 19.422% change to the original purchase price of £137,500 results in an estimated price of approximately £164,205.
| 18 Aug 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.0 | 19.422 % | £137,500 | £26,705 | £164,205 |
The Postcode Pricing Model uses changes in average sales price within the B66 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 | -84.343 % | £-115,972 | £21,527 |
| 3 Month Average | -19.964 % | £-27,450 | £110,049 |
| 6 Month Average | -5.319 % | £-7,313 | £130,186 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Jun 2023 | £191,553 | £190,000 | 55 RICHMOND ROAD |
| 12 Aug 2022 | £179,785 | £181,000 | 148 MERRIVALE ROAD |
| 7 Jul 2022 | £196,235 | £196,500 | 118 MERRIVALE ROAD |
| 30 Jun 2022 | £188,915 | £187,000 | 124 MERRIVALE ROAD |
| 10 Jun 2022 | £189,420 | £187,500 | 54 LINDEN ROAD |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 13 Mar 2020. Using an estimated price of £164,206 means this house is valued at £1,931 per sq meter (£179 per sq foot).
The average size of a house on MERRIVALE ROAD is 84 sq meters (909 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Richmond Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Richmond Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Richmond Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Linden Road |
| Apr 2024 | Other theft | Under investigation | On or near Linden Road |