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
15 OAK WAY is a very small detached house of 88m², built sometime between 2003 and 2006. It was last sold for £352,000 in February 2020, which was around 1% below the average February 2020 detached price in the Birmingham local authority area. The most recent EPC inspection was October 2019, where the current energy rating was C, and the potential energy rating was B.
Land registry data shows six sales for 15 OAK WAY since 1st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. Most of the six 15 OAK WAY sales were for above 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 3 FEB | £352,000 | £357,207 | 1% below HPI |
2014 21 FEB | £260,000 | £257,197 | 1% above HPI |
2009 11 JUN | £235,000 | £224,351 | 5% above HPI |
2003 30 SEP | £212,000 | £217,702 | 3% below HPI |
2002 20 JUN | £167,950 | £162,510 | 3% above HPI |
2001 22 FEB | £157,000 | £132,872 | 18% above HPI |
The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The six 15 OAK WAY sales between February 2001 and February 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 2014 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the February 2020 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.
15 OAK WAY is 88m² according to the EPC inspection conducted in October 2019. This puts it in the smallest 20% of detached houses in Royal Sutton Coldfield, based on EPC data. The below chart shows the distribution of detached houses by size in Royal Sutton Coldfield, and where 15 OAK WAY lies on this distribution: 11% of detached houses are smaller than 15 OAK WAY, and 89% of houses are larger. Note that EPC data is not available for all properties in Royal Sutton Coldfield.
15 OAK WAY sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 15 OAK 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 15 OAK 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.
15 OAK WAY is located in SUTTON COLDFIELD, in the B76 postcode district. The below map shows the position of No. 15 on OAK WAY.