£338,820
This estimated value is based upon the latest sale price for the house of £290,000 on 8 Oct 2020. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £290,000 | 8 Oct 2020 |
| £187,000 | 16 Oct 2007 |
| £86,000 | 24 Nov 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 October 2020 the House Price Index for WEST MIDLANDS was 126.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 16.835%.Applying this 16.835% change to the original purchase price of £290,000 results in an estimated price of approximately £338,820.
| 8 Oct 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.0 | 16.835 % | £290,000 | £48,820 | £338,820 |
The Postcode Pricing Model uses changes in average sales price within the B91 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 | 4.381 % | £12,704 | £302,704 |
| 3 Month Average | -30.740 % | £-89,146 | £200,853 |
| 6 Month Average | -5.976 % | £-17,330 | £272,669 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £318,008 | £315,000 | 34 REDLANDS ROAD |
| 24 Mar 2023 | £259,402 | £258,000 | 7 ANCHOR LANE |
| 3 Mar 2023 | £341,848 | £340,000 | 15 ORCHARD AVENUE |
| 28 Nov 2022 | £354,255 | £360,000 | 24 ORCHARD AVENUE |
| 1 Aug 2022 | £332,752 | £335,000 | 30 ORCHARD AVENUE |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 17 Jul 2020. Using an estimated price of £338,821 means this house is valued at £3,643 per sq meter (£338 per sq foot).
The average size of a house on HERMITAGE ROAD is 83 sq meters (902 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Hermitage Road |
| Apr 2024 | Other theft | Under investigation | On or near Hermitage Road |
| Mar 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Hermitage Road |
| Feb 2024 | Anti-social behaviour | On or near Hermitage Road | |
| Feb 2024 | Anti-social behaviour | On or near Hermitage Road |