£363,499
This estimated value is based upon the latest sale price for the house of £113,950 on 21 Dec 2001. 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 Mercia Drive
More crime details
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| Price Paid | Date |
|---|---|
| £113,950 | 21 Dec 2001 |
| Terraced |
| 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 December 2001 the House Price Index for WEST MIDLANDS was 46.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 218.999%.Applying this 218.999% change to the original purchase price of £113,950 results in an estimated price of approximately £363,499.
| 21 Dec 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.9 | 149.7 | 218.999 % | £113,950 | £249,549 | £363,499 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 276.813 % | £315,428 | £429,378 |
| 3 Month Average | 190.071 % | £216,585 | £330,535 |
| 6 Month Average | 196.752 % | £224,199 | £338,149 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £230,000 | £230,000 | 19 MERCIA DRIVE |
| 12 Dec 2023 | £113,487 | £110,000 | 31 HAMBURY DRIVE |
| 8 Sep 2023 | £127,818 | £125,000 | 8B CHIRTON GROVE |
| 14 Nov 2022 | £283,674 | £285,000 | 107 KINGS ROAD |
| 8 Apr 2022 | £243,794 | £235,000 | 17 MERCIA DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Mercia Drive |
| Oct 2024 | Anti-social behaviour | On or near Chirton Grove | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chirton Grove |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hazelwell Drive |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazelwell Drive |