31, NEWMAN WAY, REDNAL, BIRMINGHAM, B45 9LU - £272,000

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

31 NEWMAN WAY is a very small extended semi-detached house of 74m², built sometime between 1983 and 1990. It was last sold for £272,000 in January 2023, which was around 40% below the average January 2023 detached price in the Birmingham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was D, and the potential energy rating was C.

31 NEWMAN WAY Sold Prices

Land registry data shows two sales for 31 NEWMAN WAY 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 31 NEWMAN WAY 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 9 JAN	£272,000	£453,930	40% below HPI
2006 24 NOV	£160,000	£258,737	38% below HPI

31 NEWMAN WAY 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 31 NEWMAN WAY sales from November 2006 and January 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 November 2006 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the January 2023 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 31 NEWMAN WAY?

31 NEWMAN WAY is 74m², which includes one extension, according to the EPC inspection conducted in August 2022. 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 31 NEWMAN WAY lies on this distribution: 7% of detached houses are smaller than 31 NEWMAN WAY, and 92% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

31 NEWMAN WAY: Plot and Title Map

31 NEWMAN WAY sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 31 NEWMAN WAY, 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 31 NEWMAN WAY). 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 31 NEWMAN WAY?

31 NEWMAN WAY is located in REDNAL, in the B45 postcode district. The below map shows the position of No. 31 on NEWMAN WAY.