£221,710
This estimated value is based upon the latest sale price for the house of £205,000 on 8 Nov 2021. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £205,000 | 8 Nov 2021 |
| £167,000 | 15 Nov 2019 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 850 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 November 2021 the House Price Index for WEST MIDLANDS was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £205,000 results in an estimated price of approximately £221,710.
| 8 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 148.6 | 8.151 % | £205,000 | £16,710 | £221,710 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | -24.911 % | £-51,068 | £153,931 |
| 3 Month Average | -11.366 % | £-23,300 | £181,699 |
| 6 Month Average | -0.645 % | £-1,323 | £203,676 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Dec 2023 | £269,719 | £265,000 | 53 MELLOWDEW ROAD |
| 11 Sep 2023 | £238,044 | £235,000 | 59 HERMITAGE ROAD |
| 28 Jul 2023 | £278,752 | £275,000 | 43 MELLOWDEW ROAD |
| 26 Apr 2023 | £205,828 | £203,612 | 6 OSWIN GROVE |
| 30 Mar 2023 | £249,349 | £247,000 | 76 MELLOWDEW ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 16 Sep 2019. Using an estimated price of £221,710 means this house is valued at £2,806 per sq meter (£260 per sq foot).
The average size of a house on HERMITAGE ROAD is 92 sq meters (994 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Mellowdew Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Mellowdew Road |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oswin Grove |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Oswin Grove |
| Dec 2023 | Violence and sexual offences | Action to be taken by another organisation | On or near Ravensdale Road |