115, REA VALLEY DRIVE, BIRMINGHAM, B31 3XN - £195,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

115 REA VALLEY DRIVE is a small extended detached house of 89m², built sometime between 1976 and 1982. It was last sold for £195,000 in July 2020, which was around 47% below the average July 2020 detached price in the Birmingham local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

115 REA VALLEY DRIVE Sold Prices

Land registry data shows two sales for 115 REA VALLEY 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 115 REA VALLEY 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
2020 28 JUL	£195,000	£365,908	47% below HPI
2017 1 FEB	£170,000	£316,466	46% below HPI

115 REA VALLEY 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 115 REA VALLEY DRIVE sales from February 2017 and July 2020 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 February 2017 sale was for 46% below the HPI. So the extrapolation line tracks at 46% below the HPI over time, until the July 2020 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

How Large is 115 REA VALLEY DRIVE?

115 REA VALLEY DRIVE is 89m², which includes one extension, according to the EPC inspection conducted in February 2020. This puts it in the smallest 30% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 115 REA VALLEY DRIVE lies on this distribution: 21% of detached houses are smaller than 115 REA VALLEY DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

115 REA VALLEY DRIVE: Plot and Title Map

115 REA VALLEY DRIVE sits on a plot of roughly 0.080 of an acre, or 325m². The below map shows the location of 115 REA VALLEY 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 115 REA VALLEY 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 115 REA VALLEY DRIVE?

115 REA VALLEY DRIVE is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 115 on REA VALLEY DRIVE.