£240,496
This estimated value is based upon the latest sale price for the house of £194,000 on 9 Aug 2019. 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 Merridale Gardens
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| Price Paid | Date |
|---|---|
| £194,000 | 9 Aug 2019 |
| £192,000 | 4 Aug 2017 |
| £147,000 | 13 Sep 2013 |
| £55,500 | 26 Nov 1999 |
| £31,000 | 24 Aug 1998 |
| Terraced |
| Freehold |
| Floor Area: 124 sq meters or 1,341 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 2019 the House Price Index for WEST MIDLANDS was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £194,000 results in an estimated price of approximately £240,496.
| 9 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £194,000 | £46,496 | £240,496 |
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 | 92.618 % | £179,678 | £373,678 |
| 3 Month Average | 24.663 % | £47,845 | £241,845 |
| 6 Month Average | 27.099 % | £52,572 | £246,572 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £201,182 | £195,000 | 18 LEYLAND AVENUE |
| 28 Feb 2023 | £302,017 | £300,000 | 17 MERRIDALE LANE |
| 19 Aug 2022 | £110,517 | £110,000 | 78 MERRIDALE ROAD |
| 19 Aug 2022 | £75,352 | £75,000 | 78A MERRIDALE ROAD |
| 20 Apr 2022 | £160,800 | £155,000 | 25 PINE CLOSE |
This house has a floor area of 124 sq meters or 1,341 sq feet when measured on 22 Aug 2011. Using an estimated price of £240,497 means this house is valued at £1,930 per sq meter (£179 per sq foot).
The average size of a house on MERRIDALE ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Under investigation | On or near Merridale Gardens |
| Jun 2024 | Burglary | Investigation complete; no suspect identified | On or near Merridale Gardens |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merridale Gardens |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pine Close |
| Jul 2024 | Public order | Under investigation | On or near Pine Close |