£189,974
This estimated value is based upon the latest sale price for the house of £175,000 on 28 Sep 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £175,000 | 28 Sep 2021 |
| £137,000 | 10 Nov 2017 |
| £150,000 | 29 Jun 2012 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 September 2021 the House Price Index for WEST MIDLANDS was 137.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.557%.Applying this 8.557% change to the original purchase price of £175,000 results in an estimated price of approximately £189,974.
| 28 Sep 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 149.7 | 8.557 % | £175,000 | £14,974 | £189,974 |
The Postcode Pricing Model uses changes in average sales price within the WV10 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 | -7.043 % | £-12,324 | £162,675 |
| 3 Month Average | 19.703 % | £34,480 | £209,480 |
| 6 Month Average | 8.978 % | £15,711 | £190,711 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Sep 2023 | £286,311 | £280,000 | 20 EUROPA GARDENS |
| 25 Aug 2023 | £165,485 | £162,500 | 16 DONINGTON GROVE |
| 7 Aug 2023 | £132,388 | £130,000 | 70 DONINGTON GROVE |
| 29 Jul 2022 | £318,188 | £315,000 | 355 STAFFORD ROAD |
| 22 Jul 2022 | £222,227 | £220,000 | 35 MERCURY DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 4 Apr 2013. Using an estimated price of £189,975 means this house is valued at £2,675 per sq meter (£248 per sq foot).
The average size of a house on MERCURY DRIVE is 79 sq meters (854 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Europa Gardens |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Europa Gardens |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Europa Gardens |
| Sep 2024 | Anti-social behaviour | On or near Europa Gardens | |
| Sep 2024 | Anti-social behaviour | On or near Europa Gardens |