5, REDCROFT DRIVE, BIRMINGHAM, B24 0EG - £220,000

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 REDCROFT DRIVE is a very small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £220,000 in May 2014, which was around 15% below the average May 2014 detached price in the Birmingham local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

5 REDCROFT DRIVE Sold Prices

Land registry data shows three sales for 5 REDCROFT DRIVE 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 REDCROFT 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
2014 23 MAY	£220,000	£259,544	15% below HPI
2006 9 AUG	£212,000	£252,238	16% below HPI
2003 29 AUG	£174,000	£216,080	19% below HPI

5 REDCROFT 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 three 5 REDCROFT DRIVE sales between August 2003 and May 2014 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 August 2006 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the May 2014 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5 REDCROFT DRIVE?

5 REDCROFT DRIVE is 85m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 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 5 REDCROFT DRIVE lies on this distribution: 16% of detached houses are smaller than 5 REDCROFT DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

5 REDCROFT DRIVE: Plot and Title Map

5 REDCROFT DRIVE sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 5 REDCROFT 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 5 REDCROFT 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 5 REDCROFT DRIVE?

5 REDCROFT DRIVE is located in BIRMINGHAM, in the B24 postcode district. The below map shows the position of No. 5 on REDCROFT DRIVE.