£113,330
This estimated value is based upon the latest sale price for the house of £65,000 on 10 Mar 2006. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £65,000 | 10 Mar 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 March 2006 the House Price Index for WEST MIDLANDS was 84.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 74.355%.Applying this 74.355% change to the original purchase price of £65,000 results in an estimated price of approximately £113,330.
| 10 Mar 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 146.7 | 74.355 % | £65,000 | £48,330 | £113,330 |
The Postcode Pricing Model uses changes in average sales price within the WV3 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 | 91.976 % | £59,784 | £124,784 |
| 3 Month Average | 34.525 % | £22,441 | £87,441 |
| 6 Month Average | 28.856 % | £18,756 | £83,756 |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 18 Apr 2018.
The average size of a house on MERRIDALE ROAD is 84 sq meters (905 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Faraday Gardens |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Faraday Gardens |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Faraday Gardens |
| Mar 2024 | Robbery | Under investigation | On or near Faraday Gardens |
| Feb 2024 | Public order | Under investigation | On or near Faraday Gardens |