247, TESSALL LANE, BIRMINGHAM, B31 5EQ - £232,000

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

247 TESSALL LANE is a small detached house of 106m², built sometime between 1991 and 1995. It was last sold for £232,000 in June 2007, which was around 12% below the average June 2007 detached price in the Birmingham local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

247 TESSALL LANE Sold Prices

Land registry data shows three sales for 247 TESSALL LANE 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 247 TESSALL 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
2007 1 JUN	£232,000	£263,148	12% below HPI
2002 15 AUG	£148,500	£173,829	15% below HPI
1995 17 JUL	£83,000	£90,762	9% below HPI

247 TESSALL 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 three 247 TESSALL LANE sales between July 1995 and June 2007 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 August 2002 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2007 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 247 TESSALL LANE?

247 TESSALL LANE is 106m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 40% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 247 TESSALL LANE lies on this distribution: 39% of detached houses are smaller than 247 TESSALL LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

247 TESSALL LANE: Plot and Title Map

247 TESSALL LANE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 247 TESSALL 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 247 TESSALL 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 247 TESSALL LANE?

247 TESSALL LANE is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 247 on TESSALL LANE.