£508,252
This estimated value is based upon the latest sale price for the house of £350,000 on 26 Jun 2015. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £350,000 | 26 Jun 2015 |
| Detached |
| Freehold |
| Floor Area: 208 sq meters or 2,238 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 June 2015 the House Price Index for WEST MIDLANDS was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £350,000 results in an estimated price of approximately £508,252.
| 26 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £350,000 | £158,252 | £508,252 |
The Postcode Pricing Model uses changes in average sales price within the WS4 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 | 103.988 % | £363,957 | £713,957 |
| 3 Month Average | 4.372 % | £15,301 | £365,301 |
| 6 Month Average | 17.431 % | £61,007 | £411,007 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jul 2022 | £391,053 | £390,000 | 5 LICHFIELD ROAD |
| 31 May 2022 | £341,433 | £335,000 | 7 BUCHANAN CLOSE |
| 6 May 2022 | £409,720 | £402,000 | 36 LICHFIELD ROAD |
| 3 Mar 2022 | £269,428 | £260,000 | 7 HAWLEY CLOSE |
| 1 Mar 2022 | £357,510 | £345,000 | 32 LICHFIELD ROAD |
This house has a floor area of 208 sq meters or 2,238 sq feet when measured on 8 May 2017. Using an estimated price of £508,252 means this house is valued at £2,443 per sq meter (£227 per sq foot).
The average size of a house on MELLISH ROAD is 115 sq meters (1,244 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Victoria Mews |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Buchanan Close |
| Feb 2024 | Burglary | Under investigation | On or near Buchanan Close |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Victoria Terrace |
| Mar 2024 | Anti-social behaviour | On or near Victoria Terrace |