12, SOUTHAM CLOSE, BIRMINGHAM, B28 0AE - £475,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

12 SOUTHAM CLOSE is a large detached house of 143m², built in 2022, which could now be worth an estimated £462,541. It was last sold for £475,000 in November 2022, which was around 7% above the average November 2022 detached price in the Birmingham local authority area. The most recent EPC inspection was June 2022, where the current energy rating was B, and the potential energy rating was B.

12 SOUTHAM CLOSE Sold Prices

Land registry data shows three sales for 12 SOUTHAM CLOSE 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. One of the three 12 SOUTHAM CLOSE sales was for above the average price, whilst two 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
2022 4 NOV	£475,000	£445,645	7% above HPI
2021 6 SEP	£330,000	£389,989	15% below HPI
2017 31 JAN	£115,000	£310,917	63% below HPI

12 SOUTHAM CLOSE 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 12 SOUTHAM CLOSE sales between January 2017 and November 2022 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 September 2021 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the November 2022 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 12 SOUTHAM CLOSE be worth now?

12 SOUTHAM CLOSE might now be worth an estimated £462,541.

This is based on house price deflation of 2.6%, between November 2022 and February 2025, for detached houses, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.6% deflationary decrease is applied to the most recent sale price for 12 SOUTHAM CLOSE of £475,000 on 4th November 2022. For the value to have decreased from £475,000 to £462,541 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of 12 SOUTHAM CLOSE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The November 2022 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SOUTHAM CLOSE has not materially changed since November 2022.

How Large is 12 SOUTHAM CLOSE?

12 SOUTHAM CLOSE is 143m² according to the EPC inspection conducted in June 2022. This puts it in the largest 30% of detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birmingham, and where 12 SOUTHAM CLOSE lies on this distribution: 72% of detached houses houses are smaller than 12 SOUTHAM CLOSE, and 27% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

12 SOUTHAM CLOSE: Plot and Title Map

12 SOUTHAM CLOSE sits on a plot of roughly 0.076 of an acre, or 309m². The below map shows the location of 12 SOUTHAM CLOSE, 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 12 SOUTHAM CLOSE). 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 12 SOUTHAM CLOSE?

12 SOUTHAM CLOSE is located in BIRMINGHAM, in the B28 postcode district. The below map shows the position of No. 12 on SOUTHAM CLOSE.