5, NEW MEADOW CLOSE, BIRMINGHAM, B31 3XT - £314,000

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

5 NEW MEADOW CLOSE is a small extended detached house of 99m², built sometime between 1976 and 1982. It was last sold for £314,000 in December 2022, which was around 31% below the average December 2022 detached price in the Birmingham local authority area. The most recent EPC inspection was June 2018, where the current energy rating was C, and the potential energy rating was B.

5 NEW MEADOW CLOSE Sold Prices

Land registry data shows three sales for 5 NEW MEADOW CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the three 5 NEW MEADOW 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
2022 9 DEC	£314,000	£456,336	31% below HPI
2018 14 SEP	£247,500	£351,828	30% below HPI
2003 28 NOV	£125,000	£221,713	44% below HPI

5 NEW MEADOW 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 three 5 NEW MEADOW CLOSE sales between November 2003 and December 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 September 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the December 2022 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 5 NEW MEADOW CLOSE?

5 NEW MEADOW CLOSE is 99m², which includes one extension, according to the EPC inspection conducted in June 2018. 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 5 NEW MEADOW CLOSE lies on this distribution: 32% of detached houses are smaller than 5 NEW MEADOW CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

5 NEW MEADOW CLOSE: Plot and Title Map

5 NEW MEADOW CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 5 NEW MEADOW 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 5 NEW MEADOW 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 5 NEW MEADOW CLOSE?

5 NEW MEADOW CLOSE is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 5 on NEW MEADOW CLOSE.