£86,842
This estimated value is based upon the latest sale price for the house of £67,000 on 21 Mar 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £67,000 | 21 Mar 2017 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 March 2017 the House Price Index for WEST MIDLANDS was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £67,000 results in an estimated price of approximately £86,842.
| 21 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £67,000 | £19,842 | £86,842 |
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 | 58.185 % | £38,984 | £105,984 |
| 3 Month Average | 15.305 % | £10,254 | £77,254 |
| 6 Month Average | 10.031 % | £6,720 | £73,720 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £75,112 | £74,000 | 43 LENNOX GARDENS |
| 14 Sep 2023 | £52,167 | £51,500 | 28 LENNOX GARDENS |
| 26 Apr 2023 | £111,197 | £110,000 | 223 MERRIDALE STREET WEST |
| 10 Feb 2023 | £52,465 | £52,500 | 30 LENNOX GARDENS |
| 22 Sep 2022 | £79,359 | £80,000 | 225 MERRIDALE STREET WEST |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 22 Jan 2015. Using an estimated price of £86,843 means this house is valued at £1,059 per sq meter (£98 per sq foot).
The average size of a house on MERRIDALE STREET WEST is 83 sq meters (895 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Investigation complete; no suspect identified | On or near Owen Road |
| Mar 2024 | Robbery | Under investigation | On or near Owen Road |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Owen Road |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Owen Road |
| Feb 2024 | Other crime | Action to be taken by another organisation | On or near Owen Road |