£213,449
This estimated value is based upon the latest sale price for the house of £175,000 on 23 Jan 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £175,000 | 23 Jan 2020 |
| £87,500 | 23 Jan 2020 |
| £80,000 | 2 Nov 2005 |
| £47,500 | 7 Nov 2001 |
| Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2020 the House Price Index for WEST MIDLANDS was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £175,000 results in an estimated price of approximately £213,449.
| 23 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.6 | 21.971 % | £175,000 | £38,449 | £213,449 |
The Postcode Pricing Model uses changes in average sales price within the DY3 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 | 17.438 % | £30,517 | £205,517 |
| 3 Month Average | 31.416 % | £54,978 | £229,978 |
| 6 Month Average | 19.465 % | £34,064 | £209,064 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £192,686 | £191,000 | 18 ALDERWOOD RISE |
| 28 Jul 2023 | £182,456 | £180,000 | 6A CLUB ROW |
| 31 Mar 2023 | £191,807 | £190,000 | 31 OX STREET |
| 16 Jan 2023 | £179,156 | £180,000 | 11 CLUB ROW |
| 12 Aug 2022 | £294,208 | £295,000 | APRIL RISE HERMIT STREET |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 8 Jan 2020. Using an estimated price of £213,450 means this house is valued at £3,093 per sq meter (£287 per sq foot).
The average size of a house on HERMIT STREET is 106 sq meters (1,140 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Possession of weapons | Under investigation | On or near Alderwood Rise |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Alderwood Rise |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Alderwood Rise |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rock Street |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Rock Street |