£107,589
This estimated value is based upon the latest sale price for the house of £74,090 on 30 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 |
|---|---|
| £74,090 | 30 Jun 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 635 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 £74,090 results in an estimated price of approximately £107,589.
| 30 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £74,090 | £33,499 | £107,589 |
The Postcode Pricing Model uses changes in average sales price within the WS2 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 | 59.336 % | £43,961 | £118,051 |
| 3 Month Average | 30.142 % | £22,332 | £96,422 |
| 6 Month Average | 34.544 % | £25,593 | £99,683 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £115,006 | £114,000 | 46 MERTON WAY |
| 27 Feb 2023 | £109,926 | £110,000 | 81 MERTON WAY |
| 28 Jun 2022 | £136,935 | £135,000 | 165 PRINCE STREET |
| 20 Jan 2022 | £105,241 | £100,000 | 79 MERTON WAY |
| 8 Nov 2021 | £135,189 | £125,000 | 552 OLD PLECK ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 1 Jun 2015. Using an estimated price of £107,590 means this house is valued at £1,823 per sq meter (£169 per sq foot).
The average size of a house on MERTON WAY is 65 sq meters (705 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Old Pleck Road | |
| Mar 2024 | Other theft | Unable to prosecute suspect | On or near Old Pleck Road |
| Mar 2024 | Anti-social behaviour | On or near Old Pleck Road | |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Old Pleck Road |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Old Pleck Road |