Full Address

WATER COURT 2 WATER STREET
BIRMINGHAM
WEST MIDLANDS
UNITED KINGDOM
B3 1HP

Estimated Market Value

£483,867

This estimated value is based upon the latest sale price for the house of £470,000 on 31 May 2019. 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
£470,00031 May 2019
House Details
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 2019 the House Price Index for WEST MIDLANDS was 127.4.

The House Price Index as of 1 Dec 2019 is 131.2 which is a change of 2.950%.

Applying this 2.950% change to the original purchase price of £470,000 gives us an estimated price now of around £483,866.

31 May 2019 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
127.4 131.2 2.950 % £470,000 £13,866 £483,866

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 19.062 % £89,590 £559,590
3 Month Average 22.293 % £104,776 £574,776
6 Month Average 49.264 % £231,541 £701,541

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

In May 2019 the average sale price for the 50 nearest sales within a mile of WATER COURT 2 WATER STREET was £249,031.

In September 2020 the average sale price for the 8 nearest sales was £236,043. This is a change of -5.215%.

So taking the original purchase price of £470,000 and adjusting it by -5.215% gives an estimated price of £445,487.

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

Average price on 31 May 2019 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£249,031 £236,043 -5.215 % £470,000 £-24,512 £445,487
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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