£373,738
This estimated value is based upon the latest sale price for the house of £250,000 on 28 Aug 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £250,000 | 28 Aug 2014 |
| £228,000 | 7 Nov 2008 |
| £78,000 | 2 Jul 1999 |
| Detached |
| Freehold |
| Floor Area: 138 sq meters or 1,485 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 August 2014 the House Price Index for WEST MIDLANDS was 98.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 49.496%.Applying this 49.496% change to the original purchase price of £250,000 results in an estimated price of approximately £373,738.
| 28 Aug 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 146.7 | 49.496 % | £250,000 | £123,738 | £373,738 |
The Postcode Pricing Model uses changes in average sales price within the WV12 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 | 49.520 % | £123,798 | £373,798 |
| 3 Month Average | 38.422 % | £96,055 | £346,055 |
| 6 Month Average | 32.731 % | £81,827 | £331,827 |
This house has a floor area of 138 sq meters or 1,485 sq feet when measured on 2 Feb 2014.
The average size of a house on MERE CLOSE is 114 sq meters (1,233 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,485 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Mere Close |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Five Fields Road |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Five Fields Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Pool Hayes Lane |
| Dec 2023 | Other theft | Awaiting court outcome | On or near Pool Hayes Lane |