£150,381
This estimated value is based upon the latest sale price for the house of £115,000 on 28 Oct 2016. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There has been one burglary within the last year on or near Hermitage Road
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| Price Paid | Date |
|---|---|
| £115,000 | 28 Oct 2016 |
| £117,000 | 24 Aug 2006 |
| £99,950 | 2 Apr 2004 |
| £49,500 | 7 Aug 1995 |
| Terraced |
| Freehold |
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 2016 the House Price Index for WEST MIDLANDS was 112.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.767%.Applying this 30.767% change to the original purchase price of £115,000 results in an estimated price of approximately £150,381.
| 28 Oct 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 146.7 | 30.767 % | £115,000 | £35,381 | £150,381 |
The Postcode Pricing Model uses changes in average sales price within the B23 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 | 113.150 % | £130,122 | £245,122 |
| 3 Month Average | 69.837 % | £80,312 | £195,312 |
| 6 Month Average | 40.083 % | £46,095 | £161,095 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hermitage Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hermitage Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Hermitage Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Hermitage Road |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Hermitage Road |