40, PARGETER ROAD, SMETHWICK, B67 5HY - £165,000

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.

40 PARGETER ROAD is a small terraced house of 94m², built sometime between 1900 and 1929, which could now be worth an estimated £243,818. It was last sold for £165,000 in October 2019, which was around 24% above the average October 2019 terraced price in the Sandwell local authority area. The most recent EPC inspection was January 2010, where the current energy rating was D, and the potential energy rating was D.

40 PARGETER ROAD Sold Prices

Land registry data shows four sales for 40 PARGETER ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Sandwell local authority area for the corresponding sale date. All of the four 40 PARGETER ROAD sales were for above 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
2019 24 OCT	£165,000	£133,444	24% above HPI
2003 17 OCT	£114,000	£72,878	56% above HPI
2000 19 MAY	£60,000	£39,043	54% above HPI
1996 22 NOV	£47,500	£34,679	37% above HPI

40 PARGETER ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Sandwell local authority area over time, sourced from the HPI. The four 40 PARGETER ROAD sales between November 1996 and October 2019 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 October 2003 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the October 2019 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 40 PARGETER ROAD be worth now?

40 PARGETER ROAD might now be worth an estimated £243,818.

This is based on house price inflation of 47.8%, between October 2019 and April 2026, for terraced houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.8% inflationary increase is applied to the most recent sale price for 40 PARGETER ROAD of £165,000 on 24th October 2019. For the value to have increased from £165,000 to £243,818 over the seven years and six months to April 2026, the following assumptions must hold true:

• The value of 40 PARGETER ROAD has moved in line with the HPI for terraced houses in the Sandwell local authority area.
• The October 2019 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 40 PARGETER ROAD has not materially changed since October 2019.

How Large is 40 PARGETER ROAD?

40 PARGETER ROAD is 94m² according to the EPC inspection conducted in January 2010. This puts it in the smallest 30% of terraced houses houses in Smethwick, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Smethwick, and where 40 PARGETER ROAD lies on this distribution: 28% of terraced houses houses are smaller than 40 PARGETER ROAD, and 72% of houses are larger. Note that EPC data is not available for all properties in Smethwick.

40 PARGETER ROAD: Plot and Title Map

40 PARGETER ROAD sits on a plot of roughly 0.038 of an acre, or 155m². The below map shows the location of 40 PARGETER ROAD, 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 40 PARGETER ROAD). 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 40 PARGETER ROAD?

40 PARGETER ROAD is located in SMETHWICK, in the B67 postcode district. The below map shows the position of No. 40 on PARGETER ROAD.