£374,464
This estimated value is based upon the latest sale price for the house of £160,000 on 31 Jul 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Mercia Drive
More crime details
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| Price Paid | Date |
|---|---|
| £160,000 | 31 Jul 2003 |
| £131,000 | 31 May 2001 |
| Semi-Detached |
| Freehold |
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 July 2003 the House Price Index for WEST MIDLANDS was 64.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 134.040%.Applying this 134.040% change to the original purchase price of £160,000 results in an estimated price of approximately £374,464.
| 31 Jul 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 149.7 | 134.040 % | £160,000 | £214,464 | £374,464 |
The Postcode Pricing Model uses changes in average sales price within the B14 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 | 145.079 % | £232,126 | £392,126 |
| 3 Month Average | 105.928 % | £169,485 | £329,485 |
| 6 Month Average | 117.507 % | £188,011 | £348,011 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £230,000 | £230,000 | 19 MERCIA DRIVE |
| 19 Apr 2024 | £184,603 | £183,000 | 6 SYCAMORE TERRACE |
| 12 Dec 2023 | £113,487 | £110,000 | 31 HAMBURY DRIVE |
| 8 Sep 2023 | £127,818 | £125,000 | 8B CHIRTON GROVE |
| 23 May 2022 | £222,805 | £217,000 | 53 KINGS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Under investigation | On or near Mercia Drive |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Hazelwell Drive |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazelwell Drive |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hazelwell Drive |
| Oct 2024 | Anti-social behaviour | On or near Chirton Grove |