£105,079
This estimated value is based upon the latest sale price for the house of £86,500 on 31 Jan 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £86,500 | 31 Jan 2020 |
| £78,500 | 27 May 2016 |
| £77,995 | 23 Dec 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 637 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 January 2020 the House Price Index for WEST MIDLANDS was 121.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.479%.Applying this 21.479% change to the original purchase price of £86,500 results in an estimated price of approximately £105,079.
| 31 Jan 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.0 | 21.479 % | £86,500 | £18,579 | £105,079 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | 45.348 % | £39,225 | £125,725 |
| 3 Month Average | 49.117 % | £42,486 | £128,986 |
| 6 Month Average | 27.651 % | £23,917 | £110,417 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £114,697 | £114,000 | 46 MERTON WAY |
| 27 Feb 2023 | £109,482 | £110,000 | 81 MERTON WAY |
| 20 Jan 2022 | £104,816 | £100,000 | 79 MERTON WAY |
| 8 Nov 2021 | £134,643 | £125,000 | 552 OLD PLECK ROAD |
| 15 Oct 2021 | £156,485 | £142,000 | 556 OLD PLECK ROAD |
This house has a floor area of 59 sq meters or 637 sq feet when measured on 23 Nov 2011. Using an estimated price of £105,079 means this house is valued at £1,772 per sq meter (£164 per sq foot).
The average size of a house on MERTON WAY is 65 sq meters (705 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Merton Way | |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Merton Way |
| Mar 2024 | Anti-social behaviour | On or near Merton Way | |
| Mar 2024 | Anti-social behaviour | On or near Merton Way | |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Merton Way |