47, CHAPEL RISE, REDNAL, BIRMINGHAM, B45 9SN - £375,000

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

47 CHAPEL RISE is a small detached house of 102m², built sometime from 2012 onwards. It was last sold for £375,000 in March 2024, which was around 12% below the average March 2024 detached price in the Birmingham local authority area. The most recent EPC inspection was September 2023, where the current energy rating was C, and the potential energy rating was B.

47 CHAPEL RISE Sold Prices

Land registry data shows five sales for 47 CHAPEL RISE 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 47 CHAPEL RISE 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
2024 15 MAR	£375,000	£426,706	12% below HPI
2021 12 MAR	£320,000	£387,301	17% below HPI
2019 28 JAN	£290,000	£356,068	19% below HPI
2018 14 DEC	£295,000	£356,469	17% below HPI
2013 21 AUG	£234,995	£253,227	7% below HPI

47 CHAPEL RISE 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 47 CHAPEL RISE sales between August 2013 and March 2024 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 March 2021 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the March 2024 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 47 CHAPEL RISE?

47 CHAPEL RISE is 102m² according to the EPC inspection conducted in September 2023. 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 47 CHAPEL RISE lies on this distribution: 35% of detached houses are smaller than 47 CHAPEL RISE, and 64% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

47 CHAPEL RISE: Plot and Title Map

47 CHAPEL RISE sits on a plot of roughly 0.062 of an acre, or 252m². The below map shows the location of 47 CHAPEL RISE, 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 47 CHAPEL RISE). 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 47 CHAPEL RISE?

47 CHAPEL RISE is located in REDNAL, in the B45 postcode district. The below map shows the position of No. 47 on CHAPEL RISE.