£110,906
This estimated value is based upon the latest sale price for the house of £90,000 on 6 Apr 2018. 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 Lees Road
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| Price Paid | Date |
|---|---|
| £90,000 | 6 Apr 2018 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 April 2018 the House Price Index for WEST MIDLANDS was 119.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.229%.Applying this 23.229% change to the original purchase price of £90,000 results in an estimated price of approximately £110,906.
| 6 Apr 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 146.7 | 23.229 % | £90,000 | £20,906 | £110,906 |
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 | -3.690 % | £-3,321 | £86,678 |
| 3 Month Average | 24.698 % | £22,227 | £112,227 |
| 6 Month Average | 29.738 % | £26,763 | £116,763 |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 12 Aug 2016.
The average size of a house on MERVYN ROAD is 87 sq meters (945 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Lees Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lees Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Lees Road |
| Mar 2024 | Public order | Under investigation | On or near Mervyn Place |
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Mervyn Place |