£647,348
This estimated value is based upon the latest sale price for the house of £405,000 on 18 Jun 2007. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Melrose Avenue
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| Price Paid | Date |
|---|---|
| £405,000 | 18 Jun 2007 |
| £420,000 | 19 Jul 2004 |
| 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 2007 the House Price Index for WEST MIDLANDS was 93.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 59.839%.Applying this 59.839% change to the original purchase price of £405,000 results in an estimated price of approximately £647,348.
| 18 Jun 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 149.7 | 59.839 % | £405,000 | £242,348 | £647,348 |
The Postcode Pricing Model uses changes in average sales price within the B73 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 | 74.524 % | £301,822 | £706,822 |
| 3 Month Average | 52.126 % | £211,110 | £616,110 |
| 6 Month Average | 42.102 % | £170,513 | £575,513 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2024 | £356,000 | £356,000 | 36 MELROSE AVENUE |
| 15 May 2024 | £660,000 | £660,000 | 113 MONMOUTH DRIVE |
| 12 Apr 2024 | £554,818 | £550,000 | 2 CARNWATH ROAD |
| 11 Aug 2023 | £672,122 | £660,000 | 137 MONMOUTH DRIVE |
| 20 Jan 2023 | £601,607 | £600,000 | 23 CARNWATH ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Melrose Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melrose Avenue |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melrose Avenue |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Corbridge Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Halton Road |