7, CHEADLE DRIVE, BIRMINGHAM, B23 5XF - £218,000

7 CHEADLE DRIVE is a very small detached house of 84m², built sometime between 1983 and 1990. It was last sold for £218,000 in February 2017, which was around 31% below the average February 2017 detached price in the Birmingham local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was C.

7 CHEADLE DRIVE Sold Prices

Land registry data shows two sales for 7 CHEADLE DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. Both of the two 7 CHEADLE DRIVE 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
2017 3 FEB	£218,000	£316,466	31% below HPI
2013 17 JUN	£183,000	£247,065	26% below HPI

7 CHEADLE DRIVE 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 two 7 CHEADLE DRIVE sales from June 2013 and February 2017 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 June 2013 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the February 2017 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 CHEADLE DRIVE?

7 CHEADLE DRIVE is 84m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 20% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 7 CHEADLE DRIVE lies on this distribution: 15% of detached houses are smaller than 7 CHEADLE DRIVE, and 84% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

7 CHEADLE DRIVE: Plot and Title Map

7 CHEADLE DRIVE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 7 CHEADLE DRIVE, 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 CHEADLE DRIVE). 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 CHEADLE DRIVE?

7 CHEADLE DRIVE is located in BIRMINGHAM, in the B23 postcode district. The below map shows the position of No. 7 on CHEADLE DRIVE.