24, SILVERMERE PARK WAY, BIRMINGHAM, B26 3GA - £237,000

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.

24 SILVERMERE PARK WAY is a very small detached house of 81m², which could now be worth an estimated £293,585. It was last sold for £237,000 in February 2020, which was around 32% below the average February 2020 detached price in the Birmingham local authority area. The most recent EPC inspection was April 2015, where the current energy rating was B, and the potential energy rating was A.

24 SILVERMERE PARK WAY Sold Prices

Land registry data shows two sales for 24 SILVERMERE PARK WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. Both of the two 24 SILVERMERE PARK WAY sales were 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
2020 14 FEB	£237,000	£350,316	32% below HPI
2015 5 JUN	£204,950	£268,711	24% below HPI

24 SILVERMERE PARK WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The two 24 SILVERMERE PARK WAY sales from June 2015 and February 2020 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 2015 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the February 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 24 SILVERMERE PARK WAY be worth now?

24 SILVERMERE PARK WAY might now be worth an estimated £293,585.

This is based on house price inflation of 23.9%, between February 2020 and February 2025, for detached houses, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 23.9% inflationary increase is applied to the most recent sale price for 24 SILVERMERE PARK WAY of £237,000 on 14th February 2020. For the value to have increased from £237,000 to £293,585 over the five years to February 2025, the following assumptions must hold true:

• The value of 24 SILVERMERE PARK WAY has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The February 2020 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 24 SILVERMERE PARK WAY has not materially changed since February 2020.

How Large is 24 SILVERMERE PARK WAY?

24 SILVERMERE PARK WAY is 81m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birmingham, and where 24 SILVERMERE PARK WAY lies on this distribution: 13% of detached houses houses are smaller than 24 SILVERMERE PARK WAY, and 87% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

24 SILVERMERE PARK WAY: Plot and Title Map

24 SILVERMERE PARK WAY sits on a plot of roughly 4.3 acres, or 17,332m². The below map shows the location of 24 SILVERMERE PARK WAY, 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 24 SILVERMERE PARK WAY). 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 24 SILVERMERE PARK WAY?

24 SILVERMERE PARK WAY is located in BIRMINGHAM, in the B26 postcode district. The below map shows the position of No. 24 on SILVERMERE PARK WAY.