4, CEDAR DRIVE, NORTHFIELD, BIRMINGHAM, B31 3PE - £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.

4 CEDAR DRIVE is a small detached house of 92m², built sometime between 1996 and 2002, which could now be worth an estimated £301,840. It was last sold for £295,000 in May 2022, which was around 30% below the average May 2022 detached price in the Birmingham local authority area. The most recent EPC inspection was April 2016, where the current energy rating was C, and the potential energy rating was B.

4 CEDAR DRIVE Sold Prices

Land registry data shows five sales for 4 CEDAR DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the five 4 CEDAR 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 12 MAY	£295,000	£424,122	30% below HPI
2018 23 OCT	£240,000	£345,994	31% below HPI
2016 15 JUL	£207,000	£296,893	30% below HPI
2008 29 AUG	£165,000	£249,104	34% below HPI
2002 31 MAY	£138,950	£155,583	11% below HPI

4 CEDAR 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 five 4 CEDAR DRIVE sales between May 2002 and May 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 October 2018 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the May 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 4 CEDAR DRIVE be worth now?

4 CEDAR DRIVE might now be worth an estimated £301,840.

This is based on house price inflation of 2.3%, between May 2022 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 2.3% inflationary increase is applied to the most recent sale price for 4 CEDAR DRIVE of £295,000 on 12th May 2022. For the value to have increased from £295,000 to £301,840 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 4 CEDAR DRIVE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The May 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CEDAR DRIVE has not materially changed since May 2022.

How Large is 4 CEDAR DRIVE?

4 CEDAR DRIVE is 92m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 30% 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 4 CEDAR DRIVE lies on this distribution: 25% of detached houses houses are smaller than 4 CEDAR DRIVE, and 74% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

4 CEDAR DRIVE: Plot and Title Map

4 CEDAR DRIVE sits on a plot of roughly 0.076 of an acre, or 306m². The below map shows the location of 4 CEDAR 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 4 CEDAR 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 4 CEDAR DRIVE?

4 CEDAR DRIVE is located in NORTHFIELD, in the B31 postcode district. The below map shows the position of No. 4 on CEDAR DRIVE.