£155,291
This estimated value is based upon the latest sale price for the house of £124,500 on 25 May 2018. This value is then adjusted by the current Official House Price Index for WEST MIDLANDS 1
There have been two burglaries within the last year on or near Hermitage Road
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| Price Paid | Date |
|---|---|
| £124,500 | 25 May 2018 |
| £115,000 | 22 Feb 2008 |
| £96,500 | 10 Sep 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 May 2018 the House Price Index for WEST MIDLANDS was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £124,500 results in an estimated price of approximately £155,291.
| 25 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £124,500 | £30,791 | £155,291 |
The Postcode Pricing Model uses changes in average sales price within the B15 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 | -48.677 % | £-60,602 | £63,897 |
| 3 Month Average | -14.026 % | £-17,462 | £107,037 |
| 6 Month Average | 10.222 % | £12,726 | £137,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £146,878 | £145,000 | FLAT 10 BROMFORD GARDENS, 2 WESTFIELD ROAD |
| 25 Aug 2023 | £83,228 | £82,500 | FLAT 24 WEST POINT HERMITAGE ROAD |
| 4 Aug 2022 | £209,436 | £210,000 | FLAT 53 WEST POINT HERMITAGE ROAD |
| 4 May 2022 | £213,523 | £209,500 | FLAT 25 BROMFORD GARDENS, 2 WESTFIELD ROAD |
| 31 Mar 2022 | £181,346 | £175,000 | 23 STOCKDALE PLACE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 4 Nov 2019. Using an estimated price of £155,291 means this house is valued at £2,098 per sq meter (£194 per sq foot).
The average size of a house on HERMITAGE ROAD is 74 sq meters (804 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Hermitage Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Hermitage Road |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Hermitage Road |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near Stockdale Place |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Strutt Close |