Property Value in B18 5HJ
Current value estimates
House value estimates, calculated by adjusting the last sale price for recent house value changes
18, Merryhill Drive
Oct 24, 2014
The average property value in B18 5HJ is £147,000 plus or minus £15,000. In the UK, the average house value is £281,000.
The average property size in B18 5HJ is 697 square feet or 65 square metres of indoor floor space. The average cost per square foot in B18 5HJ is £211 or £2,269 per square metre. In the UK, the average property has 950 square feet or 88 square metres of indoor floor space.
Property value trends
House value trends in B18 5HJ, estimated using average price growth in Birmingham. Compare trends in house values and cost per square foot with the UK average
Average value by property type
Breakdown of the different types of property in B18 5HJ, including average value for different houses types and flats
|Property type||Count||Percentage||Average value|
The average terraced house value in B18 5HJ is £147,000.
Frequently Asked Questions
The current value of each house or flat is calculated by taking the last sale price and adjusting it up or down to reflect movements in property prices since the last sale occurred.
We use the local authority House Price Index to adjust property sale prices in a postcode so that local trends in house prices are reflected. This is important as some areas differ significantly from the broader national average.
We report error bands for each property value estimate (e.g. £200,000 ± £30k) to show that estimating property value using this method can be imprecise, particularly when significant time has passed since the last sale. In some cases, historic price changes for a postcode may not be well reflected by the local House Price Index, and any changes made to a property's fixtures or fittings since the last sale will not be reflected in the estimate. If you need an accurate property valuation you should speak to a suitably qualified surveyor.
Property value error bands are set so that a majority of prices fall within the predicted range and equal 10% of the total change in valuation due to movements in house price indexes, plus 2.5% of the final estimate and an additional 0.5% for every year between the last sale and today.
Property values provided on this page are estimates and for information purposes only.