£172,969
This estimated value is based upon the latest sale price for the house of £135,000 on 2 Jun 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £135,000 | 2 Jun 2017 |
| £93,000 | 31 Aug 2012 |
| £89,950 | 7 Nov 2003 |
| £53,950 | 12 Jan 2001 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 June 2017 the House Price Index for WEST MIDLANDS was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £135,000 results in an estimated price of approximately £172,969.
| 2 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £135,000 | £37,969 | £172,969 |
The Postcode Pricing Model uses changes in average sales price within the B31 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 | 0.326 % | £439 | £135,439 |
| 3 Month Average | 35.409 % | £47,802 | £182,802 |
| 6 Month Average | 36.798 % | £49,677 | £184,677 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £195,873 | £193,500 | 22 MERRISHAW ROAD |
| 7 Jun 2023 | £164,493 | £162,500 | 8 HIGHCREST CLOSE |
| 13 Apr 2023 | £187,014 | £185,000 | 3 CLEE ROAD |
| 13 Jun 2022 | £142,007 | £140,000 | 5 MERRISHAW ROAD |
| 20 May 2022 | £173,265 | £170,000 | 12 HIGHCREST CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 17 Apr 2012. Using an estimated price of £172,969 means this house is valued at £1,943 per sq meter (£180 per sq foot).
The average size of a house on MERRISHAW ROAD is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Merrishaw Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Merrishaw Road |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Merrishaw Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Merrishaw Road |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Merrishaw Road |