2, WATERHAYNES CLOSE, REDNAL, BIRMINGHAM, B45 9LE - £177,500

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 WATERHAYNES CLOSE is a very small detached house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £256,287. It was last sold for £177,500 in August 2016, which was around 41% below the average August 2016 detached price in the Birmingham local authority area. The most recent EPC inspection was January 2011, where the current energy rating was D, and the potential energy rating was C.

2 WATERHAYNES CLOSE Sold Prices

Land registry data shows three sales for 2 WATERHAYNES 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. All of the three 2 WATERHAYNES CLOSE 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
2016 1 AUG	£177,500	£300,551	41% below HPI
2003 10 DEC	£124,950	£220,728	43% below HPI
2002 26 JUL	£109,950	£165,621	34% below HPI

2 WATERHAYNES 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 2 WATERHAYNES CLOSE sales between July 2002 and August 2016 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 December 2003 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the August 2016 sale, where it rises to 41% below the HPI. The line then continues to track at 41% below the HPI.

What might 2 WATERHAYNES CLOSE be worth now?

2 WATERHAYNES CLOSE might now be worth an estimated £256,287.

This is based on house price inflation of 44.4%, between August 2016 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 44.4% inflationary increase is applied to the most recent sale price for 2 WATERHAYNES CLOSE of £177,500 on 1st August 2016. For the value to have increased from £177,500 to £256,287 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of 2 WATERHAYNES CLOSE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The August 2016 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of 2 WATERHAYNES CLOSE has not materially changed since August 2016.

How Large is 2 WATERHAYNES CLOSE?

2 WATERHAYNES CLOSE is 69m² according to the EPC inspection conducted in January 2011. 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 WATERHAYNES CLOSE lies on this distribution: 5% of detached houses houses are smaller than 2 WATERHAYNES CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

2 WATERHAYNES CLOSE: Plot and Title Map

2 WATERHAYNES CLOSE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of 2 WATERHAYNES 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 WATERHAYNES 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 WATERHAYNES CLOSE?

2 WATERHAYNES CLOSE is located in REDNAL, in the B45 postcode district. The below map shows the position of No. 2 on WATERHAYNES CLOSE.