2, NORTUNE CLOSE, BIRMINGHAM, B38 8AJ - £195,000

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 NORTUNE CLOSE is a midsized detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £350,050. It was last sold for £195,000 in November 2012, which was around 19% below the average November 2012 detached price in the Birmingham local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was D.

2 NORTUNE CLOSE Sold Prices

Land registry data shows two sales for 2 NORTUNE CLOSE 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. One of the two 2 NORTUNE CLOSE sales was for below the average price, whilst the other was 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
2012 15 NOV	£195,000	£241,741	19% below HPI
1999 30 JUN	£112,000	£106,635	5% above HPI

2 NORTUNE 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 two 2 NORTUNE CLOSE sales from June 1999 and November 2012 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 June 1999 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the November 2012 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 2 NORTUNE CLOSE be worth now?

2 NORTUNE CLOSE might now be worth an estimated £350,050.

This is based on house price inflation of 79.5%, between November 2012 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 79.5% inflationary increase is applied to the most recent sale price for 2 NORTUNE CLOSE of £195,000 on 15th November 2012. For the value to have increased from £195,000 to £350,050 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of 2 NORTUNE CLOSE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The November 2012 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 2 NORTUNE CLOSE has not materially changed since November 2012.

How Large is 2 NORTUNE CLOSE?

2 NORTUNE CLOSE is 115m² according to the EPC inspection conducted in November 2011. This puts it in the largest 50% 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 NORTUNE CLOSE lies on this distribution: 50% of detached houses houses are smaller than 2 NORTUNE CLOSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

2 NORTUNE CLOSE: Plot and Title Map

2 NORTUNE CLOSE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 2 NORTUNE 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 2 NORTUNE 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 2 NORTUNE CLOSE?

2 NORTUNE CLOSE is located in BIRMINGHAM, in the B38 postcode district. The below map shows the position of No. 2 on NORTUNE CLOSE.