1, ORCHID DRIVE, HOCKLEY, BIRMINGHAM, B19 2DD - £136,000

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.

1 ORCHID DRIVE is a very small terraced house of 81m², built sometime between 1991 and 1995, which could now be worth an estimated £194,769. It was last sold for £136,000 in July 2017, which was around 11% below the average July 2017 terraced price in the Birmingham local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

1 ORCHID DRIVE Sold Prices

Land registry data shows three sales for 1 ORCHID DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Birmingham local authority area for the corresponding sale date. All of the three 1 ORCHID 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 25 JUL	£136,000	£153,430	11% below HPI
2005 22 AUG	£113,000	£118,059	4% below HPI
2001 18 DEC	£29,250	£61,142	52% below HPI

1 ORCHID DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Birmingham local authority area over time, sourced from the HPI. The three 1 ORCHID DRIVE sales between December 2001 and July 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 August 2005 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2017 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 1 ORCHID DRIVE be worth now?

1 ORCHID DRIVE might now be worth an estimated £194,769.

This is based on house price inflation of 43.2%, between July 2017 and May 2026, for terraced 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 43.2% inflationary increase is applied to the most recent sale price for 1 ORCHID DRIVE of £136,000 on 25th July 2017. For the value to have increased from £136,000 to £194,769 over the nine years and two months to May 2026, the following assumptions must hold true:

• The value of 1 ORCHID DRIVE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The July 2017 sale price of £136,000 represented a fair market value for the property.
• The size, condition, and specification of 1 ORCHID DRIVE has not materially changed since July 2017.

How Large is 1 ORCHID DRIVE?

1 ORCHID DRIVE is 81m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of terraced houses houses in Birmingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Birmingham, and where 1 ORCHID DRIVE lies on this distribution: 12% of terraced houses houses are smaller than 1 ORCHID DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

1 ORCHID DRIVE: Plot and Title Map

1 ORCHID DRIVE sits on a plot of roughly 0.031 of an acre, or 127m². The below map shows the location of 1 ORCHID 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 1 ORCHID 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 1 ORCHID DRIVE?

1 ORCHID DRIVE is located in HOCKLEY, in the B19 postcode district. The below map shows the position of No. 1 on ORCHID DRIVE.