Semi-detached
2
753 sq ft
2.2%
PROPERTY VALUATION
£
Last sold: February 2022
INVESTMENT PERFORMANCE
Investment return: 6.8% per year throughout 2005 - 2022
PRICE CHANGE
£4,000
Percentage change: +2.2%
REFINE VALUATION
Property summary Last updated: 03/05/2024
Last updated: 03/05/2024
12 Elmore Close, Fordbridge is a 2 bedroom semi-detached house spread over 753 square feet, making it one of the smaller properties here - it is ranked as the most expensive property* in B37 5LP, with a valuation of £189,000.
Since it last sold in February 2022 for £185,000, its value has increased by £4,000.
12 Elmore Close, Birmingham (1 of 3 - keep reading for more)
We expect this property to be in very good condition (or is significantly more desirable for some other reason) based on its price per square foot.
- The latest sale in B37 5LP went for £185k on 11 Feb 2022.
- The average current property value here is £126,000.
- 2 properties have sold in B37 5LP over the last 5 years.
- 11 semi-detached houses have sold at an average price of £204,000 in B37 5 over the last 12 months.
- Semi-detached houses have been selling for £242 per square foot across B37 5.
Recent sales
Searching for recent sales near here
Expected property condition
At a sale price of £189k, we expect this property to be in a substantially better condition than the neighbouring properties in the road.
As it has a higher cost per square foot than the other properties in the road, we think it is more likely to be in very good condition.
This can be caused by it having recently been refurbished to a high standard although it could also be because the property has more appealing architecture, a bigger garden, more parking spaces or a garage etc.
At a valuation of £189k this property has a cost per square foot of £250 - this is substantially more than the average for the area (which is currently £193).
Cost per square foot valuation
If we valued this property using the average cost per square foot (CPSF):
- Using the average CPSF for the whole road - it would be worth £145k.
What does it cost to live here?
The local market - Elmore Close, B37 5LP
- The average property value here is £126,000.
- Valuations range from £97,000 to £189,000.
2.2%
This property has increased in price by 2.2% since it last sold 2 years ago.
50%
This property is 50% more expensive than average in Elmore Close, B37 5LP.
Sale history
The most paid for a property in Elmore Close, B37 5LP was £185,000 in 2022.
| Date | Price | Change |
|---|---|---|
| Today's value* | £189,000 | 2.2% |
| 11 Feb 2022 | £185,000 | 196.0% |
| 19 Sep 2005 | £62,500 | - |
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Valuation details
The most likely sale price is £189,000 but at the lower end we think it should fetch a minimum of £174,000.
This property has increased in price by £4,000 since it last sold in 2022 - this equates to a 1% rise each year.
At its last energy performance certificate inspection, it got a below average rating for this postcode with a score of 64 out of 100.
On a cost per square foot basis, this property is valued at 30% more than the other houses in this road.
Essential info
- 2 bedroom leasehold semi-detached house
- 753 square feet
- 2% smaller than the average property in this postcode
- 50% more expensive than the average here
This property is currently valued at £250 per square foot - the average cost per square foot for this postcode is £0.
A higher cost per square foot can indicate that the property is in a better condition than the other properties or that it has a bigger garden (find out more here).
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £217,000.
SOLD PRICES - B37 5LP SOLD PRICE GRAPH
Essential buying details
-
Built between 1991 and 1995, the property has sold twice over the last 29 years.
-
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £174k and £204k.
-
The property turned out to be a really good investment for the previous owner - returning on average 6.8% per annum.
Investment Performance
Annual change: 6.8%
The previous owner had the property for 16 years, having purchased it in September 2005 for £62,500.
During this time, the price rose by £122,500 (196%), which equates to it increasing in value by 6.8% each year.
The property turned out to be a really good investment for the previous owner.
| Property | Valuation | ||
|---|---|---|---|
| 10 Elmore Close, Fordbridge | £97,000(+29% since 2020) | ||
| 14 Elmore Close, Fordbridge 786 sq.ft. | £107,000(+59% since 2014) | ||
| 6 Elmore Close, Fordbridge | £113,000(+67% since 2006) | ||
| 2 Elmore Close, Fordbridge | £123,000(+146% since 2002) | ||
 | 12 Elmore Close, Fordbridge 2 bed | 753 sq. ft. | £189,000(+2% since 2022) |
OFFERS EXPECTED TO BE IN THE REGION OF:
£174k - £204k
Most likely sale price: £189k
Tell us about the condition of the property to get a more accurate valuation.
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How do we calculate valuations?
Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.
The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.
In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.
If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.
What makes a property more desirable?
A number of things can make a property more desirable and sell for more money per square foot than others in the area.
Some of the things that can cause a property to be worth more per square foot include:
- Good school catchment area
- Good transport links
- Bigger garden
- Offstreet parking and garages
- High quality architectural designs (a.k.a pretty houses!)
- Good quality home improvements
Where do we get our data?
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
- HM Land Registry
- Ordnance Survey
- Department for Levelling Up, Housing & Communities
- Royal Mail
- Estate agents
- Property listings
Licenses, disclaimers and further notes
* Excluding properties that we've been unable to calculate a valuation for.
** Excludes property transactions that occurred before 1995.
Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.
Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.
The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.
