Full Address

47 WATER STREET
BIRMINGHAM
BIRMINGHAM
WEST MIDLANDS
UNITED KINGDOM
B3 1HP

Estimated Market Value

£504,355

This estimated value is based upon the latest sale price for the house of £130,000 on 16 May 1997. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS1

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Transactions for this house
Price PaidDate
£130,00016 May 1997
House Details
Detached
Freehold

House Price Models

Land Registry House Price Index Model

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 May 1997 the House Price Index for WEST MIDLANDS was 33.8.

The House Price Index as of 1 Dec 2019 is 131.2 which is a change of 287.965%.

Applying this 287.965% change to the original purchase price of £130,000 gives us an estimated price now of around £504,354.

16 May 1997 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
33.8 131.2 287.965 % £130,000 £374,354 £504,354

The Postcode Pricing Model uses changes in average sales price within the B3 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 708.713 % £921,327 £1,051,327
3 Month Average 542.177 % £704,829 £834,829
6 Month Average 551.188 % £716,543 £846,543

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In May 1997 the average sale price for the 50 nearest sales within two miles of 47 WATER STREET was £44,904.

In September 2020 the average sale price for the 8 nearest sales was £236,043. This is a change of 425.661%.

So taking the original purchase price of £130,000 and adjusting it by 425.661% gives an estimated price of £683,359.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 16 May 1997 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£44,904 £236,043 425.661 % £130,000 £553,359 £683,359
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
25 Oct 2019 £147,750 £147,000 401 LUDGATE LOFT APARTMENTS, 17 LUDGATE HILL
3 Oct 2019 £247,255 £246,000 105 LUDGATE LOFT APARTMENTS, 17 LUDGATE HILL
24 Jul 2019 £173,546 £170,000 APARTMENT 504 DERWENT FOUNDRY, 5 MARY ANN STREET
31 May 2019 £483,867 £470,000 2 WATER COURT WATER STREET
25 Apr 2019 £272,954 £265,050 106 LUDGATE LOFT APARTMENTS, 17 LUDGATE HILL

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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