£351,370
This estimated value is based upon the latest sale price for the house of £322,500 on 12 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £322,500 | 12 Nov 2021 |
| £9,500 | 20 Feb 2018 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £322,500 results in an estimated price of approximately £351,370.
| 12 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £322,500 | £28,870 | £351,370 |
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 | 24.153 % | £77,893 | £400,393 |
| 3 Month Average | -4.132 % | £-13,324 | £309,175 |
| 6 Month Average | -7.358 % | £-23,729 | £298,770 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £345,305 | £340,000 | 98 MERESIDE WAY |
| 21 Sep 2023 | £209,621 | £205,000 | 1 MALLARDS REACH |
| 18 Sep 2023 | £1,042,992 | £1,020,000 | 54 ST BERNARDS ROAD |
| 21 Apr 2023 | £333,742 | £327,500 | 102 MERESIDE WAY |
| 3 Mar 2023 | £966,135 | £950,000 | 46 ST BERNARDS ROAD |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 7 Jun 2021. Using an estimated price of £351,370 means this house is valued at £4,748 per sq meter (£441 per sq foot).
The average size of a house on MERESIDE WAY is 84 sq meters (913 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mereside Way |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Westhill Close |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Westhill Close |
| May 2024 | Other theft | Investigation complete; no suspect identified | On or near Westhill Close |
| Apr 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Hawkeswell Close |