343, GROVELEY LANE, BIRMINGHAM, B31 4PS - £425,000

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

343 GROVELEY LANE is a very large extended detached house of 183m², built sometime from 2012 onwards. It was last sold for £425,000 in June 2021, which was around 7% above the average June 2021 detached price in the Birmingham local authority area. The most recent EPC inspection was March 2021, where the current energy rating was C, and the potential energy rating was B.

343 GROVELEY LANE Sold Prices

Land registry data shows two sales for 343 GROVELEY 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 343 GROVELEY LANE sales were for above 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
2021 28 JUN	£425,000	£395,860	7% above HPI
2014 24 JAN	£279,950	£258,442	8% above HPI

343 GROVELEY 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 343 GROVELEY LANE sales from January 2014 and June 2021 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 January 2014 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the June 2021 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 343 GROVELEY LANE?

343 GROVELEY LANE is 183m², which includes one extension, according to the EPC inspection conducted in March 2021. This puts it in the largest 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 343 GROVELEY LANE lies on this distribution: 87% of detached houses are smaller than 343 GROVELEY LANE, and 13% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

343 GROVELEY LANE: Plot and Title Map

343 GROVELEY LANE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 343 GROVELEY 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 343 GROVELEY 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 343 GROVELEY LANE?

343 GROVELEY LANE is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 343 on GROVELEY LANE.