£200,568
This estimated value is based upon the latest sale price for the house of £173,000 on 23 Nov 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £173,000 | 23 Nov 2020 |
| £107,500 | 28 Mar 2014 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 November 2020 the House Price Index for WEST MIDLANDS was 128.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 15.935%.Applying this 15.935% change to the original purchase price of £173,000 results in an estimated price of approximately £200,568.
| 23 Nov 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.6 | 15.935 % | £173,000 | £27,568 | £200,568 |
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 | 59.619 % | £103,141 | £276,141 |
| 3 Month Average | 1.927 % | £3,334 | £176,334 |
| 6 Month Average | -1.242 % | £-2,148 | £170,851 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £149,899 | £150,000 | 29 FIR GROVE |
| 17 Feb 2023 | £162,890 | £163,000 | 14 FIR GROVE |
| 30 Aug 2022 | £158,573 | £159,000 | 7 OAK STREET |
| 25 Jul 2022 | £135,364 | £135,000 | 21 FIR GROVE |
| 20 Jul 2022 | £200,540 | £200,000 | 15 MERRIDALE GARDENS |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 2 Jun 2020. Using an estimated price of £200,568 means this house is valued at £2,507 per sq meter (£232 per sq foot).
The average size of a house on MERRIDALE GARDENS is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oak Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oak Street |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Elm Street |
| Mar 2024 | Robbery | Investigation complete; no suspect identified | On or near Merridale Gardens |
| Mar 2024 | Other theft | Under investigation | On or near Merridale Gardens |