1, RUSSET WAY, BIRMINGHAM, B31 5SF - £163,000

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 RUSSET WAY is a midsized extended detached house of 107m², built sometime between 1967 and 1975, which could now be worth an estimated £219,111. It was last sold for £163,000 in August 2017, which was around 50% below the average August 2017 detached price in the Birmingham local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

1 RUSSET WAY Sold Prices

Land registry data shows two sales for 1 RUSSET 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 1 RUSSET 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
2017 4 AUG	£163,000	£322,826	50% below HPI
1999 15 OCT	£70,000	£112,671	38% below HPI

1 RUSSET 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 1 RUSSET WAY sales from October 1999 and August 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 October 1999 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2017 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 1 RUSSET WAY be worth now?

1 RUSSET WAY might now be worth an estimated £219,111.

This is based on house price inflation of 34.4%, between August 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 34.4% inflationary increase is applied to the most recent sale price for 1 RUSSET WAY of £163,000 on 4th August 2017. For the value to have increased from £163,000 to £219,111 over the eight years and six months to February 2025, the following assumptions must hold true:

• The value of 1 RUSSET WAY has moved in line with the HPI for detached houses in the Birmingham local authority area.
• The August 2017 sale price of £163,000 represented a fair market value for the property.
• The size, condition, and specification of 1 RUSSET WAY has not materially changed since August 2017.

How Large is 1 RUSSET WAY?

1 RUSSET WAY is 107m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the smallest 50% 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 1 RUSSET WAY lies on this distribution: 40% of detached houses houses are smaller than 1 RUSSET WAY, and 59% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

1 RUSSET WAY: Plot and Title Map

1 RUSSET WAY sits on a plot of roughly 0.084 of an acre, or 341m². The below map shows the location of 1 RUSSET 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 1 RUSSET 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 1 RUSSET WAY?

1 RUSSET WAY is located in BIRMINGHAM, in the B31 postcode district. The below map shows the position of No. 1 on RUSSET WAY.