£141,329
This estimated value is based upon the latest sale price for the house of £112,950 on 29 Sep 2017. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £112,950 | 29 Sep 2017 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 September 2017 the House Price Index for WEST MIDLANDS was 117.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.126%.Applying this 25.126% change to the original purchase price of £112,950 results in an estimated price of approximately £141,329.
| 29 Sep 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 146.7 | 25.126 % | £112,950 | £28,379 | £141,329 |
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 | 0.663 % | £749 | £113,699 |
| 3 Month Average | 35.651 % | £40,267 | £153,217 |
| 6 Month Average | 43.907 % | £49,593 | £162,543 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 12 Jul 2017.
The average size of a house on MELDON DRIVE is 91 sq meters (984 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Meldon Drive |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Meldon Drive |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Meldon Drive |
| Jan 2024 | Anti-social behaviour | On or near Meldon Drive | |
| Jan 2024 | Anti-social behaviour | On or near Meldon Drive |