£68,591
This estimated value is based upon the latest sale price for the house of £40,000 on 6 Jul 2012. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £40,000 | 6 Jul 2012 |
| £25,200 | 12 Apr 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 28 sq meters or 301 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 July 2012 the House Price Index for WEST MIDLANDS was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.478%.Applying this 71.478% change to the original purchase price of £40,000 results in an estimated price of approximately £68,591.
| 6 Jul 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.478 % | £40,000 | £28,591 | £68,591 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 139.531 % | £55,812 | £95,812 |
| 3 Month Average | 38.026 % | £15,210 | £55,210 |
| 6 Month Average | 55.755 % | £22,301 | £62,301 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £234,196 | £227,000 | 92 JEFFCOCK ROAD |
| 11 Dec 2023 | £77,894 | £75,500 | FLAT 89 MERRIDALE COURT MERRIDALE ROAD |
| 1 Dec 2023 | £92,853 | £90,000 | FLAT 154 MERRIDALE COURT MERRIDALE ROAD |
| 17 Nov 2023 | £215,469 | £210,000 | 72 JEFFCOCK ROAD |
| 21 Sep 2023 | £263,304 | £257,500 | 7 GAMESFIELD GREEN |
This house has a floor area of 28 sq meters or 301 sq feet when measured on 7 Jun 2012. Using an estimated price of £68,591 means this house is valued at £2,449 per sq meter (£227 per sq foot).
The average size of a house on MERRIDALE ROAD is 84 sq meters (905 sq feet).
This house is the smallest in the street with a floor area of 28 sq meters (301 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Criminal damage and arson | Under investigation | On or near Faraday Gardens |
| Jun 2024 | Violence and sexual offences | Local resolution | On or near Faraday Gardens |
| Jun 2024 | Violence and sexual offences | Awaiting court outcome | On or near Faraday Gardens |
| May 2024 | Drugs | Awaiting court outcome | On or near Faraday Gardens |
| May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Faraday Gardens |