£251,086
This estimated value is based upon the latest sale price for the house of £165,000 on 21 Jul 2014. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
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| Price Paid | Date |
|---|---|
| £165,000 | 21 Jul 2014 |
| Terraced |
| Freehold |
| Floor Area: 110 sq meters or 1,184 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 July 2014 the House Price Index for WEST MIDLANDS was 97.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 52.174%.Applying this 52.174% change to the original purchase price of £165,000 results in an estimated price of approximately £251,086.
| 21 Jul 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.0 | 52.174 % | £165,000 | £86,086 | £251,086 |
The Postcode Pricing Model uses changes in average sales price within the CV2 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 | 52.032 % | £85,853 | £250,853 |
| 3 Month Average | 43.062 % | £71,052 | £236,052 |
| 6 Month Average | 60.686 % | £100,131 | £265,131 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £258,316 | £255,000 | 16 SOMMERVILLE ROAD |
| 29 Aug 2023 | £244,487 | £243,000 | 62 NEWEY ROAD |
| 25 Aug 2023 | £203,236 | £202,000 | 1 MORRIS AVENUE |
| 14 Aug 2023 | £237,444 | £236,000 | 70 HERMITAGE ROAD |
| 30 Mar 2023 | £196,060 | £195,000 | 33 NEWEY ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 16 May 2014. Using an estimated price of £251,086 means this house is valued at £2,282 per sq meter (£212 per sq foot).
The average size of a house on HERMITAGE ROAD is 92 sq meters (994 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Criminal damage and arson | Under investigation | On or near Hermitage Road |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hermitage Road |
| Apr 2024 | Drugs | Unable to prosecute suspect | On or near Hermitage Road |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Hermitage Road |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hermitage Road |