According to the public record, 7, New Hope Road, Smethwick is a mid-century freehold house with 1,270 ft2 of internal area and sits on a 94.4 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
New Hope Road, Smethwick, B66 is located in the borough of Sandwell within the B66 postal district.
7, New Hope Road, Smethwick has a single entry in the Land Registry database from May 2024 and a single entry in the EPC database dated August 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 7 New Hope Road Smethwick as £216,900 and the rental value as £1,102 per month giving an expected gross yield of 6.1%.
Over the last 12 months the sale value of 7 New Hope Road Smethwick has increased by £9,531 (4.4%) and its rental value has increased by £34 per month (3.1%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 7, New Hope Road, Smethwick is in very good condition we estimate a sale value of £227,745 and rental value of £1,157 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £201,717 and a rental value of £1,025 per month.
If you were able to purchase this property for the estimated value of £216,900, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,066 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 7, New Hope Road, Smethwick sits on a plot of 94m2.
We have plot size data on 9 out of 34 other houses in the postcode and 7, New Hope Road, Smethwick sits on the 4th largest plot.
According to HM Land Registry, 7, New Hope Road, Smethwick was last sold on 10 May 2024 for £210,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2024, the market for similar properties has risen 0.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, New Hope Road, Smethwick within a radius of 430 metres over the last 2 years.
The most recent example is 5, New Hope Road, Smethwick, B66 3TX, a Freehold house which sold for £210,000 in Oct 2023.
Read more about house prices in B66.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Hope Road, Smethwick, B66 has a total of 81 addresses. According to our analysis of all the public data, 7, New Hope Road, Smethwick is the 2nd largest and the 18th most expensive property on the street.
When compared to the postcode district it is £507 less expensive than the average property in B66.
7, New Hope Road, Smethwick has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Aug 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 7, New Hope Road, Smethwick is Smethwick Rolfe Street station which is 1.5 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, New Hope Road, Smethwick, 59.4% of property is socially rented and 17.3% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 7, New Hope Road, Smethwick, 37.0% of residents are recorded as possessing school level qualifications and 28.1% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 7, New Hope Road, Smethwick, the average age was 40.2 and the most common age was 32.
The graph below shows how this compares to West Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 7, New Hope Road, Smethwick, 1.5% of property was a second home.
Comparison figures for West Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 7, New Hope Road, Smethwick, there are an average of 0.7 cars per household.
See below for how this compares to West Midlands and the rest of England & Wales.