£318,366
This estimated value is based upon the latest sale price for the house of £316,000 on 28 Apr 2023. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £316,000 | 28 Apr 2023 |
| £216,000 | 18 Dec 2015 |
| £193,500 | 19 Jul 2007 |
| £193,500 | 19 Jul 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2023 the House Price Index for WEST MIDLANDS was 146.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.749%.Applying this 0.749% change to the original purchase price of £316,000 results in an estimated price of approximately £318,366.
| 28 Apr 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.9 | 148.0 | 0.749 % | £316,000 | £2,366 | £318,366 |
The Postcode Pricing Model uses changes in average sales price within the B92 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 | 40.766 % | £128,821 | £444,821 |
| 3 Month Average | -18.466 % | £-58,352 | £257,647 |
| 6 Month Average | -4.759 % | £-15,037 | £300,962 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £265,014 | £260,000 | 265 HOBS MOAT ROAD |
| 26 Jun 2023 | £256,076 | £254,000 | 25 HARVARD ROAD |
| 28 Apr 2023 | £318,366 | £316,000 | 24 MELTON AVENUE |
| 8 Mar 2023 | £281,522 | £280,000 | 281 HOBS MOAT ROAD |
| 10 Feb 2023 | £298,588 | £300,000 | 55 HARVARD ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 28 Jul 2015. Using an estimated price of £318,366 means this house is valued at £4,421 per sq meter (£410 per sq foot).
The average size of a house on MELTON AVENUE is 90 sq meters (972 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melton Avenue |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Melton Avenue |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Melton Avenue |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melton Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Melton Avenue |