7, WAREING DRIVE, BIRMINGHAM, B23 5YX - £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 WAREING DRIVE is a very small detached house of 79m², built sometime between 1976 and 1982, which could now be worth an estimated £318,384. It was last sold for £240,000 in December 2017, which was around 27% below the average December 2017 detached price in the Birmingham local authority area. The most recent EPC inspection was August 2017, where the current energy rating was E, and the potential energy rating was B.

7 WAREING DRIVE Sold Prices

Land registry data shows three sales for 7 WAREING 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 7 WAREING 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 15 DEC	£240,000	£327,119	27% below HPI
2007 25 MAY	£190,000	£257,491	26% below HPI
1999 27 AUG	£81,000	£111,405	27% below HPI

7 WAREING 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 7 WAREING DRIVE sales between August 1999 and December 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 May 2007 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the December 2017 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

What might 7 WAREING DRIVE be worth now?

7 WAREING DRIVE might now be worth an estimated £318,384.

This is based on house price inflation of 32.7%, between December 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 32.7% inflationary increase is applied to the most recent sale price for 7 WAREING DRIVE of £240,000 on 15th December 2017. For the value to have increased from £240,000 to £318,384 over the eight years and ten months to February 2025, the following assumptions must hold true:

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

How Large is 7 WAREING DRIVE?

7 WAREING DRIVE is 79m² according to the EPC inspection conducted in August 2017. 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 7 WAREING DRIVE lies on this distribution: 11% of detached houses houses are smaller than 7 WAREING DRIVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

7 WAREING DRIVE: Plot and Title Map

7 WAREING DRIVE sits on a plot of roughly 0.061 of an acre, or 247m². The below map shows the location of 7 WAREING 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 WAREING 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 WAREING DRIVE?

7 WAREING DRIVE is located in BIRMINGHAM, in the B23 postcode district. The below map shows the position of No. 7 on WAREING DRIVE.