24, THE DRIVE, ERDINGTON, BIRMINGHAM, B23 7NG - £220,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

24 THE DRIVE is a very small detached house of 88m², built sometime between 1930 and 1949. It was last sold for £220,000 in March 2022, which was around 49% below the average March 2022 detached price in the Birmingham local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was B.

24 THE DRIVE Sold Prices

Land registry data shows three sales for 24 THE 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 24 THE 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
2022 17 MAR	£220,000	£428,673	49% below HPI
2005 22 JUL	£150,000	£245,050	39% below HPI
2003 8 AUG	£116,500	£216,080	46% below HPI

24 THE 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 24 THE DRIVE sales between August 2003 and March 2022 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 2005 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2022 sale, where it falls to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is 24 THE DRIVE?

24 THE DRIVE is 88m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 24 THE DRIVE lies on this distribution: 20% of detached houses are smaller than 24 THE DRIVE, and 79% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

24 THE DRIVE: Plot and Title Map

24 THE DRIVE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of 24 THE 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 24 THE 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 24 THE DRIVE?

24 THE DRIVE is located in ERDINGTON, in the B23 postcode district. The below map shows the position of No. 24 on THE DRIVE.