£135,145
This estimated value is based upon the latest sale price for the house of £110,000 on 11 Dec 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £110,000 | 11 Dec 2018 |
| £104,500 | 28 Jul 2006 |
| £75,000 | 8 Aug 2003 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 December 2018 the House Price Index for WEST MIDLANDS was 120.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.860%.Applying this 22.860% change to the original purchase price of £110,000 results in an estimated price of approximately £135,145.
| 11 Dec 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.0 | 22.860 % | £110,000 | £25,145 | £135,145 |
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 | -56.371 % | £-62,008 | £47,991 |
| 3 Month Average | 15.450 % | £16,995 | £126,995 |
| 6 Month Average | 7.223 % | £7,945 | £117,945 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Aug 2023 | £202,230 | £201,000 | 22 MERRIDALE ROAD |
| 28 Jul 2023 | £217,053 | £215,000 | 11 MERRIDALE CRESCENT |
| 30 Aug 2022 | £157,933 | £159,000 | 7 OAK STREET |
| 20 Jul 2022 | £199,730 | £200,000 | 15 MERRIDALE GARDENS |
| 14 Jun 2022 | £176,792 | £175,000 | 21 MERRIDALE GARDENS |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 14 Jun 2016. Using an estimated price of £135,146 means this house is valued at £1,608 per sq meter (£149 per sq foot).
The average size of a house on MERRIDALE ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Merridale Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merridale Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Oak Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oak Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oak Street |