£238,714
This estimated value is based upon the latest sale price for the house of £196,500 on 16 Aug 2019. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been three burglaries within the last year on or near Mere Drive
More crime details
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| Price Paid | Date |
|---|---|
| £196,500 | 16 Aug 2019 |
| £135,000 | 9 Mar 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 August 2019 the House Price Index for WEST MIDLANDS was 120.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.483%.Applying this 21.483% change to the original purchase price of £196,500 results in an estimated price of approximately £238,714.
| 16 Aug 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 146.7 | 21.483 % | £196,500 | £42,214 | £238,714 |
The Postcode Pricing Model uses changes in average sales price within the B74 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 | 41.914 % | £82,360 | £278,860 |
| 3 Month Average | 20.161 % | £39,615 | £236,115 |
| 6 Month Average | 22.841 % | £44,882 | £241,382 |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 31 Aug 2018.
The average size of a house on LICHFIELD ROAD is 102 sq meters (1,107 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Offender given a caution | On or near Mere Drive |
| Mar 2024 | Burglary | Unable to prosecute suspect | On or near Mere Drive |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Mere Drive |
| Mar 2024 | Burglary | Investigation complete; no suspect identified | On or near Mere Drive |
| Dec 2023 | Burglary | Unable to prosecute suspect | On or near Mere Drive |