£215,029
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 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £175,000 results in an estimated price of approximately £215,029.
23 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 149.7 | 22.874 % | £175,000 | £40,029 | £215,029 |
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 | 19.539 % | £34,193 | £209,193 |
3 Month Average | 26.591 % | £46,533 | £221,533 |
6 Month Average | 26.627 % | £46,597 | £221,597 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Mar 2024 | £236,128 | £232,500 | 17 WINDMILL STREET |
11 Aug 2023 | £194,508 | £191,000 | 18 ALDERWOOD RISE |
31 Mar 2023 | £193,227 | £190,000 | 31 OX STREET |
12 Aug 2022 | £296,386 | £295,000 | APRIL RISE HERMIT STREET |
20 Dec 2021 | £151,103 | £140,000 | 20 CLUB ROW |
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 £215,030 means this house is valued at £3,116 per sq meter (£289 per sq foot).
The average size of a house on HERMIT STREET is 106 sq meters (1,140 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jun 2024 | Other crime | Unable to prosecute suspect | On or near Alderwood Rise |
Apr 2024 | Possession of weapons | Unable to prosecute suspect | On or near Alderwood Rise |
Jul 2024 | Burglary | Under investigation | On or near Rock Street |
Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Homestead Close |
May 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ox Street |