56, RIVERPARK WAY, NORTHFIELD, BIRMINGHAM, B31 2GB - £375,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

56 RIVERPARK WAY is a large extended detached house of 125m², built sometime from 2012 onwards. It was last sold for £375,000 in July 2023, which was around 15% below the average July 2023 detached price in the Birmingham local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

56 RIVERPARK WAY Sold Prices

Land registry data shows two sales for 56 RIVERPARK WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. Both of the two 56 RIVERPARK WAY 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
2023 11 JUL	£375,000	£439,537	15% below HPI
2013 17 MAY	£232,950	£246,848	6% below HPI

56 RIVERPARK WAY 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 two 56 RIVERPARK WAY sales from May 2013 and July 2023 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 May 2013 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the July 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 56 RIVERPARK WAY?

56 RIVERPARK WAY is 125m², which includes one extension, according to the EPC inspection conducted in August 2022. This puts it in the largest 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 56 RIVERPARK WAY lies on this distribution: 60% of detached houses are smaller than 56 RIVERPARK WAY, and 39% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

56 RIVERPARK WAY: Plot and Title Map

56 RIVERPARK WAY sits on a plot of roughly 0.053 of an acre, or 216m². The below map shows the location of 56 RIVERPARK WAY, 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 56 RIVERPARK WAY). 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 56 RIVERPARK WAY?

56 RIVERPARK WAY is located in NORTHFIELD, in the B31 postcode district. The below map shows the position of No. 56 on RIVERPARK WAY.