£421,137
This estimated value is based upon the latest sale price for the house of £176,500 on 2 May 2003. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £176,500 | 2 May 2003 |
| £159,950 | 24 Feb 2003 |
| 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 May 2003 the House Price Index for WEST MIDLANDS was 62.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 138.605%.Applying this 138.605% change to the original purchase price of £176,500 results in an estimated price of approximately £421,137.
| 2 May 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 62.7 | 149.7 | 138.605 % | £176,500 | £244,637 | £421,137 |
The Postcode Pricing Model uses changes in average sales price within the B43 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 | 149.210 % | £263,356 | £439,856 |
| 3 Month Average | 121.642 % | £214,697 | £391,197 |
| 6 Month Average | 121.792 % | £214,963 | £391,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 May 2024 | £180,000 | £180,000 | 44 MERRIONS CLOSE |
| 6 Mar 2024 | £198,043 | £195,000 | 66 MERRIONS CLOSE |
| 15 Dec 2023 | £216,657 | £210,000 | 5 FARM HOUSE WAY |
| 17 Aug 2023 | £223,022 | £219,000 | 10 MERRIONS CLOSE |
| 28 Oct 2022 | £161,461 | £162,000 | 4 FARM HOUSE WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merrion'S Close |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Merrion'S Close |
| Jul 2024 | Anti-social behaviour | On or near Merrion'S Close | |
| Jul 2024 | Anti-social behaviour | On or near Merrion'S Close | |
| Jul 2024 | Anti-social behaviour | On or near Merrion'S Close |