£68,938
This estimated value is based upon the latest sale price for the house of £52,000 on 13 May 2016. 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 Merstone Close
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| Price Paid | Date |
|---|---|
| £52,000 | 13 May 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 405 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 May 2016 the House Price Index for WEST MIDLANDS was 110.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 32.574%.Applying this 32.574% change to the original purchase price of £52,000 results in an estimated price of approximately £68,938.
| 13 May 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 146.7 | 32.574 % | £52,000 | £16,938 | £68,938 |
The Postcode Pricing Model uses changes in average sales price within the WV14 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 | 7.035 % | £3,658 | £55,658 |
| 3 Month Average | 47.614 % | £24,759 | £76,759 |
| 6 Month Average | 48.507 % | £25,223 | £77,223 |
This house has a floor area of 37 sq meters or 405 sq feet when measured on 2 Mar 2009.
The average size of a house on MERSTONE CLOSE is 51 sq meters (555 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Drugs | Under investigation | On or near Merstone Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Merstone Close |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Merstone Close |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Merstone Close |
| Dec 2023 | Anti-social behaviour | On or near Merstone Close |