NEW COTTAGE, GROVELEY LANE, BIRMINGHAM, B31 4PS - £174,950

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

NEW COTTAGE is a very small extended detached house of 73m², built sometime between 1900 and 1929. It was last sold for £174,950 in May 2017, which was around 45% below the average May 2017 detached price in the Birmingham local authority area. The most recent EPC inspection was February 2017, where the current energy rating was D, and the potential energy rating was B.

NEW COTTAGE Sold Prices

Land registry data shows four sales for NEW COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the four NEW COTTAGE 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 5 MAY	£174,950	£315,482	45% below HPI
2015 30 JUL	£96,000	£277,026	65% below HPI
2007 13 AUG	£113,500	£267,351	58% below HPI
2002 18 APR	£54,000	£154,857	65% below HPI

NEW COTTAGE 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 four NEW COTTAGE sales between April 2002 and May 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 July 2015 sale was for 65% below the HPI. So the extrapolation line tracks at 65% below the HPI over time, until the May 2017 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is NEW COTTAGE?

NEW COTTAGE is 73m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the smallest 10% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where NEW COTTAGE lies on this distribution: 7% of detached houses are smaller than NEW COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

NEW COTTAGE: Plot and Title Map

NEW COTTAGE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of NEW COTTAGE, 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 NEW COTTAGE). 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 NEW COTTAGE?

NEW COTTAGE is located on GROVELEY LANE in BIRMINGHAM, in the B31 postcode district. The below map shows the position of NEW COTTAGE on GROVELEY LANE.