1, HERMIT STREET, DUDLEY, DY3 2BS - £353,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

1 HERMIT STREET is a very large extended detached house of 135m², built sometime between 1950 and 1966, which could now be worth an estimated £361,128. It was last sold for £353,000 in September 2022, which was around 4% above the average September 2022 detached price in the Dudley local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

1 HERMIT STREET Sold Prices

Land registry data shows three sales for 1 HERMIT STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. Two of the three 1 HERMIT STREET sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2022 23 SEP	£353,000	£340,616	4% above HPI
2022 1 JUN	£290,000	£325,173	11% below HPI
2021 30 JUN	£395,000	£295,826	34% above HPI

1 HERMIT STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The three 1 HERMIT STREET sales between June 2021 and September 2022 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the June 2022 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2022 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 1 HERMIT STREET be worth now?

1 HERMIT STREET might now be worth an estimated £361,128.

This is based on house price inflation of 2.3%, between September 2022 and February 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for 1 HERMIT STREET of £353,000 on 23rd September 2022. For the value to have increased from £353,000 to £361,128 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 HERMIT STREET has moved in line with the HPI for detached houses in the Dudley local authority area.
• The September 2022 sale price of £353,000 represented a fair market value for the property.
• The size, condition, and specification of 1 HERMIT STREET has not materially changed since September 2022.

How Large is 1 HERMIT STREET?

1 HERMIT STREET is 135m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 20% of detached houses houses in Sedgley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sedgley, and where 1 HERMIT STREET lies on this distribution: 82% of detached houses houses are smaller than 1 HERMIT STREET, and 17% of houses are larger. Note that EPC data is not available for all properties in Sedgley.

1 HERMIT STREET: Plot and Title Map

1 HERMIT STREET sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 1 HERMIT STREET, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 HERMIT STREET). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 HERMIT STREET?

1 HERMIT STREET is located in DUDLEY, in the DY3 postcode district. The below map shows the position of No. 1 on HERMIT STREET.