£239,810
This estimated value is based upon the latest sale price for the house of £194,000 on 9 May 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £194,000 | 9 May 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 May 2019 the House Price Index for WEST MIDLANDS was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.614%.Applying this 23.614% change to the original purchase price of £194,000 results in an estimated price of approximately £239,810.
| 9 May 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.2 | 148.6 | 23.614 % | £194,000 | £45,810 | £239,810 |
The Postcode Pricing Model uses changes in average sales price within the B71 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 | 12.168 % | £23,605 | £217,605 |
| 3 Month Average | 19.738 % | £38,291 | £232,291 |
| 6 Month Average | 41.546 % | £80,598 | £274,598 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £207,514 | £205,000 | 8H MELROSE AVENUE |
| 6 Apr 2023 | £265,357 | £262,500 | 46 BEVERLEY ROAD |
| 31 Mar 2023 | £156,474 | £155,000 | 34 WESTMINSTER ROAD |
| 17 Mar 2023 | £196,855 | £195,000 | 46 CANTERBURY ROAD |
| 1 Feb 2023 | £216,854 | £217,000 | 37 GLASTONBURY ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 24 Sep 2018. Using an estimated price of £239,811 means this house is valued at £2,997 per sq meter (£278 per sq foot).
The average size of a house on MELROSE AVENUE is 102 sq meters (1,103 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melrose Avenue |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melrose Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Beverley Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Beverley Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Westminster Road |