1, RUSSET WAY, BIRMINGHAM, B31 5SF - £163,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 RUSSET WAY is a midsized extended detached house of 107m², built sometime between 1967 and 1975. It was last sold for £163,000 in August 2017, which was around 50% below the average August 2017 detached price in the Birmingham local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

1 RUSSET WAY Sold Prices

Land registry data shows two sales for 1 RUSSET WAY 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 1 RUSSET 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
2017 4 AUG	£163,000	£329,177	50% below HPI
1999 15 OCT	£70,000	£114,888	39% below HPI

1 RUSSET 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 two 1 RUSSET WAY sales from October 1999 and August 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 October 1999 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the August 2017 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 1 RUSSET WAY?

1 RUSSET WAY is 107m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 1 RUSSET WAY lies on this distribution: 40% of detached houses are smaller than 1 RUSSET WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

1 RUSSET WAY: Plot and Title Map

1 RUSSET WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 1 RUSSET 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 1 RUSSET 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 1 RUSSET WAY?

1 RUSSET WAY is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 1 on RUSSET WAY.