2, CHEADLE DRIVE, BIRMINGHAM, B23 5XF - £237,000

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.

2 CHEADLE DRIVE is a very small detached house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £303,843. It was last sold for £237,000 in August 2018, which was around 30% below the average August 2018 detached price in the Birmingham local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

2 CHEADLE DRIVE Sold Prices

Land registry data shows three sales for 2 CHEADLE DRIVE 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. All of the three 2 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
2018 30 AUG	£237,000	£338,489	30% below HPI
2013 12 JUL	£174,000	£245,830	29% below HPI
1999 12 JUL	£77,000	£108,930	29% below HPI

2 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 three 2 CHEADLE DRIVE sales between July 1999 and August 2018 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 July 2013 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2018 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 2 CHEADLE DRIVE be worth now?

2 CHEADLE DRIVE might now be worth an estimated £303,843.

This is based on house price inflation of 28.2%, between August 2018 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 28.2% inflationary increase is applied to the most recent sale price for 2 CHEADLE DRIVE of £237,000 on 30th August 2018. For the value to have increased from £237,000 to £303,843 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 2 CHEADLE DRIVE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The August 2018 sale price of £237,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHEADLE DRIVE has not materially changed since August 2018.

How Large is 2 CHEADLE DRIVE?

2 CHEADLE DRIVE is 74m² according to the EPC inspection conducted in August 2012. This puts it in the smallest 10% 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 2 CHEADLE DRIVE lies on this distribution: 7% of detached houses houses are smaller than 2 CHEADLE DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

2 CHEADLE DRIVE: Plot and Title Map

2 CHEADLE DRIVE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 2 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 2 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 2 CHEADLE DRIVE?

2 CHEADLE DRIVE is located in BIRMINGHAM, in the B23 postcode district. The below map shows the position of No. 2 on CHEADLE DRIVE.