£183,103
This estimated value is based upon the latest sale price for the house of £36,500 on 10 Jul 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Melbourne Road
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| Price Paid | Date |
|---|---|
| £36,500 | 10 Jul 1997 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 674 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 1997 the House Price Index for WEST MIDLANDS was 29.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 401.654%.Applying this 401.654% change to the original purchase price of £36,500 results in an estimated price of approximately £183,103.
| 10 Jul 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.2 | 146.7 | 401.654 % | £36,500 | £146,603 | £183,103 |
The Postcode Pricing Model uses changes in average sales price within the CV5 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 | 233.186 % | £85,112 | £121,612 |
| 3 Month Average | 321.675 % | £117,411 | £153,911 |
| 6 Month Average | 363.884 % | £132,817 | £169,317 |
This house has a floor area of 62 sq meters or 674 sq feet when measured on 16 Sep 2010.
The average size of a house on MELBOURNE ROAD is 72 sq meters (783 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Melbourne Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Melbourne Road |
| Dec 2023 | Possession of weapons | Under investigation | On or near Melbourne Road |
| Dec 2023 | Possession of weapons | Under investigation | On or near Melbourne Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Farman Road |