£109,042
This estimated value is based upon the latest sale price for the house of £110,000 on 24 Jan 2023. This value is then adjusted by the current Official House Price Index for WARWICKSHIRE 1
There has been one burglary within the last year on or near Melville Close
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| Price Paid | Date |
|---|---|
| £110,000 | 24 Jan 2023 |
| £32,500 | 9 Nov 2001 |
| £26,950 | 14 Aug 1998 |
| Terraced |
| Leasehold |
| Floor Area: 69 sq meters or 742 sq feet |
This model uses changes in the Official Land Registry House Price Index for WARWICKSHIRE to estimate the market value.
When this house was purchased in January 2023 the House Price Index for WARWICKSHIRE was 149.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.871%.Applying this -0.871% change to the original purchase price of £110,000 results in an estimated price of approximately £109,042.
| 24 Jan 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.3 | 148.0 | -0.871 % | £110,000 | £-957 | £109,042 |
The Postcode Pricing Model uses changes in average sales price within the CV22 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 | 2.219 % | £2,440 | £112,440 |
| 3 Month Average | -12.408 % | £-13,649 | £96,350 |
| 6 Month Average | -13.284 % | £-14,612 | £95,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £312,534 | £310,000 | 40 BRACKEN DRIVE |
| 2 Jun 2023 | £289,850 | £287,500 | 10 BROOM CLOSE |
| 24 Feb 2023 | £209,011 | £210,000 | 31 ST ANNES ROAD |
| 27 Jan 2023 | £227,997 | £230,000 | 4 MELVILLE CLOSE |
| 24 Jan 2023 | £109,042 | £110,000 | 6 MELVILLE CLOSE |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 15 Apr 2014. Using an estimated price of £109,042 means this house is valued at £1,580 per sq meter (£146 per sq foot).
The average size of a house on MELVILLE CLOSE is 87 sq meters (936 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Under investigation | On or near Melville Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Melville Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melville Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Ferndown Terrace |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Hawkins Close |