£3,642
This estimated value is based upon the latest sale price for the house of £2,935 on 5 Dec 2017. 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 Merryfields Way
More crime details
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| Price Paid | Date |
|---|---|
| £2,935 | 5 Dec 2017 |
| £93,000 | 28 May 1999 |
| Freehold |
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 December 2017 the House Price Index for WEST MIDLANDS was 118.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 24.107%.Applying this 24.107% change to the original purchase price of £2,935 results in an estimated price of approximately £3,642.
| 5 Dec 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 146.7 | 24.107 % | £2,935 | £707 | £3,642 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 2.000 % | £58 | £2,993 |
| 3 Month Average | 3.562 % | £104 | £3,039 |
| 6 Month Average | 25.932 % | £761 | £3,696 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Merryfields Way |
| Mar 2024 | Public order | Under investigation | On or near Merryfields Way |
| Mar 2024 | Drugs | Unable to prosecute suspect | On or near Merryfields Way |
| Mar 2024 | Drugs | Under investigation | On or near Merryfields Way |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Merryfields Way |