232, GRESSEL LANE, BIRMINGHAM, B33 9UE - £230,000

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

232 GRESSEL LANE is a very small detached house of 77m², built sometime between 1950 and 1966. It was last sold for £230,000 in October 2023, which was around 48% below the average October 2023 detached price in the Birmingham local authority area. The most recent EPC inspection was June 2024, where the current energy rating was D, and the potential energy rating was C.

232 GRESSEL LANE Sold Prices

Land registry data shows two sales for 232 GRESSEL LANE 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. Both of the two 232 GRESSEL LANE 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
2023 13 OCT	£230,000	£441,470	48% below HPI
2006 5 JUL	£150,000	£250,639	40% below HPI

232 GRESSEL LANE 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 232 GRESSEL LANE sales from July 2006 and October 2023 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 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the October 2023 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

How Large is 232 GRESSEL LANE?

232 GRESSEL LANE is 77m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 10% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 232 GRESSEL LANE lies on this distribution: 9% of detached houses are smaller than 232 GRESSEL LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

232 GRESSEL LANE: Plot and Title Map

232 GRESSEL LANE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of 232 GRESSEL LANE, 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 232 GRESSEL LANE). 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 232 GRESSEL LANE?

232 GRESSEL LANE is located in BIRMINGHAM, in the B33 postcode district. The below map shows the position of No. 232 on GRESSEL LANE.