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

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.

5 REDCROFT DRIVE is a very small detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £375,074. It was last sold for £220,000 in May 2014, which was around 14% 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	£254,537	14% below HPI
2006 9 AUG	£212,000	£247,371	14% below HPI
2003 29 AUG	£174,000	£211,911	18% 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 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the May 2014 sale, which was also at 14% below the HPI.

What might 5 REDCROFT DRIVE be worth now?

5 REDCROFT DRIVE might now be worth an estimated £375,074.

This is based on house price inflation of 70.5%, between May 2014 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 70.5% inflationary increase is applied to the most recent sale price for 5 REDCROFT DRIVE of £220,000 on 23rd May 2014. For the value to have increased from £220,000 to £375,074 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 REDCROFT DRIVE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The May 2014 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 5 REDCROFT DRIVE has not materially changed since May 2014.

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 houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Birmingham, and where 5 REDCROFT DRIVE lies on this distribution: 16% of detached houses 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.