£86,567
This estimated value is based upon the latest sale price for the house of £70,000 on 11 Apr 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £70,000 | 11 Apr 2019 |
| £55,000 | 31 Jan 2019 |
| £25,000 | 8 Dec 2000 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 April 2019 the House Price Index for WEST MIDLANDS was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £70,000 results in an estimated price of approximately £86,567.
| 11 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.668 % | £70,000 | £16,567 | £86,567 |
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 | 67.163 % | £47,014 | £117,014 |
| 3 Month Average | 11.742 % | £8,219 | £78,219 |
| 6 Month Average | 8.905 % | £6,233 | £76,233 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £192,855 | £190,000 | 25 RAYLEIGH ROAD |
| 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 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 11 Dec 2018. Using an estimated price of £86,568 means this house is valued at £1,068 per sq meter (£99 per sq foot).
The average size of a house on MERRIDALE STREET WEST is 83 sq meters (895 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lennox Gardens |
| Dec 2023 | Drugs | Under investigation | On or near Lennox Gardens |
| Dec 2023 | Possession of weapons | Under investigation | On or near Lennox Gardens |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Lennox Gardens |