£174,264
This estimated value is based upon the latest sale price for the house of £37,500 on 19 Aug 1998. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £37,500 | 19 Aug 1998 |
| £32,000 | 7 Apr 1995 |
| Terraced |
| 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 August 1998 the House Price Index for WEST MIDLANDS was 31.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 364.704%.Applying this 364.704% change to the original purchase price of £37,500 results in an estimated price of approximately £174,264.
| 19 Aug 1998 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.0 | 364.704 % | £37,500 | £136,764 | £174,264 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 46.244 % | £17,341 | £54,841 |
| 3 Month Average | 282.370 % | £105,888 | £143,388 |
| 6 Month Average | 249.955 % | £93,733 | £131,233 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £74,962 | £74,000 | 43 LENNOX GARDENS |
| 26 Apr 2023 | £110,824 | £110,000 | 223 MERRIDALE STREET WEST |
| 10 Feb 2023 | £52,253 | £52,500 | 30 LENNOX GARDENS |
| 22 Sep 2022 | £79,039 | £80,000 | 225 MERRIDALE STREET WEST |
| 24 Aug 2022 | £128,134 | £129,000 | 162 MERRIDALE STREET WEST |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Lennox Gardens |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lennox Gardens |