7, CEDAR DRIVE, NORTHFIELD, BIRMINGHAM, B31 3PE - £240,000

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.

7 CEDAR DRIVE is a small detached house of 95m², built sometime between 2003 and 2006, which could now be worth an estimated £337,938. It was last sold for £240,000 in March 2017, which was around 22% below the average March 2017 detached price in the Birmingham local authority area. The most recent EPC inspection was October 2012, where the current energy rating was C, and the potential energy rating was B.

7 CEDAR DRIVE Sold Prices

Land registry data shows five sales for 7 CEDAR DRIVE 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 7 CEDAR 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
2017 30 MAR	£240,000	£308,191	22% below HPI
2014 28 MAR	£192,500	£252,970	24% below HPI
2006 28 APR	£185,000	£241,587	23% below HPI
2005 21 JAN	£204,000	£238,995	15% below HPI
2002 13 DEC	£172,500	£186,630	8% below HPI

7 CEDAR 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 five 7 CEDAR DRIVE sales between December 2002 and March 2017 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 2014 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the March 2017 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 7 CEDAR DRIVE be worth now?

7 CEDAR DRIVE might now be worth an estimated £337,938.

This is based on house price inflation of 40.8%, between March 2017 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 40.8% inflationary increase is applied to the most recent sale price for 7 CEDAR DRIVE of £240,000 on 30th March 2017. For the value to have increased from £240,000 to £337,938 over the eight years and one month to February 2025, the following assumptions must hold true:

• The value of 7 CEDAR DRIVE has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The March 2017 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 7 CEDAR DRIVE has not materially changed since March 2017.

How Large is 7 CEDAR DRIVE?

7 CEDAR DRIVE is 95m² according to the EPC inspection conducted in October 2012. This puts it in the smallest 30% 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 7 CEDAR DRIVE lies on this distribution: 28% of detached houses houses are smaller than 7 CEDAR DRIVE, and 71% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

7 CEDAR DRIVE: Plot and Title Map

7 CEDAR DRIVE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of 7 CEDAR 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 7 CEDAR 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 7 CEDAR DRIVE?

7 CEDAR DRIVE is located in NORTHFIELD, in the B31 postcode district. The below map shows the position of No. 7 on CEDAR DRIVE.