7, SMITHS WAY, ALCESTER, B49 6BL - £180,000

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.

7 SMITHS WAY is a very small extended terraced house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £218,526. It was last sold for £180,000 in January 2019, which was around 25% below the average January 2019 terraced price in the Stratford-on-Avon local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

7 SMITHS WAY Sold Prices

Land registry data shows seven sales for 7 SMITHS WAY since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average terraced price in the Stratford-on-Avon local authority area for the corresponding sale date. All of the seven 7 SMITHS 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
2019 23 JAN	£180,000	£240,523	25% below HPI
2018 20 DEC	£175,000	£234,178	25% below HPI
2017 28 NOV	£168,000	£230,633	27% below HPI
2012 30 MAR	£147,000	£185,903	21% below HPI
2005 22 APR	£139,500	£160,321	13% below HPI
1998 30 JAN	£54,500	£66,997	19% below HPI
1996 22 MAR	£47,500	£54,639	13% below HPI

7 SMITHS WAY Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Stratford-on-Avon local authority area over time, sourced from the HPI. The seven 7 SMITHS WAY sales between March 1996 and January 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 December 2018 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2019 sale, which was also at 25% below the HPI.

What might 7 SMITHS WAY be worth now?

7 SMITHS WAY might now be worth an estimated £218,526.

This is based on house price inflation of 21.4%, between January 2019 and April 2026, for terraced houses, in the Stratford-on-Avon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.4% inflationary increase is applied to the most recent sale price for 7 SMITHS WAY of £180,000 on 23rd January 2019. For the value to have increased from £180,000 to £218,526 over the six years and nine months to April 2026, the following assumptions must hold true:

• The value of 7 SMITHS WAY has moved in line with the HPI for terraced houses in the Stratford-on-Avon local authority area.
• The January 2019 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SMITHS WAY has not materially changed since January 2019.

How Large is 7 SMITHS WAY?

7 SMITHS WAY is 72m², which includes four extensions, according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of terraced houses houses in Alcester, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Alcester, and where 7 SMITHS WAY lies on this distribution: 7% of terraced houses houses are smaller than 7 SMITHS WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Alcester.

7 SMITHS WAY: Plot and Title Map

7 SMITHS WAY sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of 7 SMITHS 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 7 SMITHS 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 7 SMITHS WAY?

7 SMITHS WAY is located in ALCESTER, in the B49 postcode district. The below map shows the position of No. 7 on SMITHS WAY.