3, MEARS CLOSE, BIRMINGHAM, B23 5YJ - £295,000

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.

3 MEARS CLOSE is a small detached house of 104m², built sometime between 1991 and 1995, which could now be worth an estimated £369,513. It was last sold for £295,000 in March 2019, which was around 15% below the average March 2019 detached price in the Birmingham local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was C.

3 MEARS CLOSE Sold Prices

Land registry data shows two sales for 3 MEARS 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. Both of the two 3 MEARS 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
2019 15 MAR	£295,000	£346,448	15% below HPI
2015 2 APR	£225,000	£267,454	16% below HPI

3 MEARS 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 3 MEARS CLOSE sales from April 2015 and March 2019 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 April 2015 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the March 2019 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 3 MEARS CLOSE be worth now?

3 MEARS CLOSE might now be worth an estimated £369,513.

This is based on house price inflation of 25.3%, between March 2019 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 25.3% inflationary increase is applied to the most recent sale price for 3 MEARS CLOSE of £295,000 on 15th March 2019. For the value to have increased from £295,000 to £369,513 over the six years and one month to February 2025, the following assumptions must hold true:

• The value of 3 MEARS CLOSE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The March 2019 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MEARS CLOSE has not materially changed since March 2019.

How Large is 3 MEARS CLOSE?

3 MEARS CLOSE is 104m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 40% 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 3 MEARS CLOSE lies on this distribution: 37% of detached houses houses are smaller than 3 MEARS CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

3 MEARS CLOSE: Plot and Title Map

3 MEARS CLOSE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 3 MEARS 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 3 MEARS 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 3 MEARS CLOSE?

3 MEARS CLOSE is located in BIRMINGHAM, in the B23 postcode district. The below map shows the position of No. 3 on MEARS CLOSE.