£703,838
This estimated value is based upon the latest sale price for the house of £700,000 on 15 Jan 2024. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £700,000 | 15 Jan 2024 |
| £425,000 | 6 Jun 2014 |
| Detached |
| Freehold |
| Floor Area: 172 sq meters or 1,851 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 2024 the House Price Index for WEST MIDLANDS was 145.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 0.548%.Applying this 0.548% change to the original purchase price of £700,000 results in an estimated price of approximately £703,838.
| 15 Jan 2024 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 146.7 | 0.548 % | £700,000 | £3,838 | £703,838 |
The Postcode Pricing Model uses changes in average sales price within the B75 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 | -20.161 % | £-141,130 | £558,869 |
| 3 Month Average | 3.379 % | £23,652 | £723,652 |
| 6 Month Average | -0.767 % | £-5,369 | £694,630 |
This house has a floor area of 172 sq meters or 1,851 sq feet when measured on 17 Mar 2014.
The average size of a house on MYRING DRIVE is 159 sq meters (1,722 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Myring Drive |
| Jan 2024 | Anti-social behaviour | On or near Myring Drive | |
| Jan 2024 | Anti-social behaviour | On or near Myring Drive | |
| Jan 2024 | Anti-social behaviour | On or near Myring Drive | |
| Jan 2024 | Anti-social behaviour | On or near Myring Drive |