27, NEWMAN WAY, REDNAL, BIRMINGHAM, B45 9LU - £148,000

27 NEWMAN WAY is a very small detached house of 74m², built sometime between 1991 and 1995. It was last sold for £148,000 in July 2013, which was around 41% below the average July 2013 detached price in the Birmingham local authority area. The most recent EPC inspection was June 2009, where the current energy rating was D, and the potential energy rating was C.

27 NEWMAN WAY Sold Prices

Land registry data shows three sales for 27 NEWMAN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the three 27 NEWMAN 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
2013 12 JUL	£148,000	£250,666	41% below HPI
2007 12 OCT	£165,000	£269,261	39% below HPI
2004 17 SEP	£158,000	£244,074	35% below HPI

27 NEWMAN WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The three 27 NEWMAN WAY sales between September 2004 and July 2013 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 2007 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the July 2013 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 27 NEWMAN WAY?

27 NEWMAN WAY is 74m² according to the EPC inspection conducted in June 2009. This puts it in the smallest 10% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 27 NEWMAN WAY lies on this distribution: 7% of detached houses are smaller than 27 NEWMAN WAY, and 93% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

27 NEWMAN WAY: Plot and Title Map

27 NEWMAN WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 27 NEWMAN 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 27 NEWMAN 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 27 NEWMAN WAY?

27 NEWMAN WAY is located in REDNAL, in the B45 postcode district. The below map shows the position of No. 27 on NEWMAN WAY.