Tudor Hill in Sutton Coldfield, ideal for family homes, is it time to sell?

A couple asked me to value their home on Tudor Hill in Sutton Coldfield. An excellent location, ideal for the park and yet a quiet street with some magnificent properties. This got me thinking, how much have house prices increased on roads like this over the last year? Interestingly since the outbreak of the global financial crisis and the property crash circa 2008 little can be reported for streets like this in Sutton Coldfield as there was lack of movement in the market. Therefore the local downturn in houses prices could be considered as unquantifiable. Certain you might think that we could consider it against the UK housing market as a whole, but this exercise now is irrelevant.

Focusing on the street and averages, from 1 year ago a value change of around 8% can be found from data on major property web portals. More interestingly that over 5% of that change has been in the last 6 months with nearly 2% of that increase being in the last 3 months! Interesting indeed. The number of Sales on the street in the last 5 years is 18, with an average house price of £533,497. My clients with their home on Tudor Hill found it interesting that in the last year most sales have been around £395,000 average, with only reportedly 4 completed at this time. Tudor Hill, as mentioned earlier has some quite large and expensive property, with unreported sales (on land registry) yet to be update over £700,000 mark. This pans out well for my clients who wish to sell their home in the near future and they should achieve a comfortable price for the family property. It has been an excellent period for house selling and home owners such as those on Tudor Hill have been able to achieve sales respectable of the true value of their homes. If you are interested in a free market appraisal let me know by contacting me on 0121 321 6090 or emailing Suttoncoldfield@martinco.com SELL YOUR HOME 0.5% +VAT (For new client instructions only between July and December 2014) Terms and conditions apply