15, REDNAL MILL DRIVE, REDNAL, BIRMINGHAM, B45 8XX - £169,500

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.

15 REDNAL MILL DRIVE is a very small semi-detached house of 64m², built sometime between 1996 and 2002, which could now be worth an estimated £223,679. It was last sold for £169,500 in July 2019, which was around 18% below the average July 2019 semi-detached price in the Birmingham local authority area. The most recent EPC inspection was February 2015, where the current energy rating was D, and the potential energy rating was B.

15 REDNAL MILL DRIVE Sold Prices

Land registry data shows two sales for 15 REDNAL MILL DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the Birmingham local authority area for the corresponding sale date. Both of the two 15 REDNAL MILL 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
2019 19 JUL	£169,500	£207,089	18% below HPI
2000 9 MAY	£59,000	£64,564	9% below HPI

15 REDNAL MILL DRIVE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Birmingham local authority area over time, sourced from the HPI. The two 15 REDNAL MILL DRIVE sales from May 2000 and July 2019 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 2000 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the July 2019 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 15 REDNAL MILL DRIVE be worth now?

15 REDNAL MILL DRIVE might now be worth an estimated £223,679.

This is based on house price inflation of 32%, between July 2019 and March 2025, for semi-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% inflationary increase is applied to the most recent sale price for 15 REDNAL MILL DRIVE of £169,500 on 19th July 2019. For the value to have increased from £169,500 to £223,679 over the six years and four months to March 2025, the following assumptions must hold true:

• The value of 15 REDNAL MILL DRIVE has moved in line with the HPI for semi-detached houses in the Birmingham local authority area.
• The July 2019 sale price of £169,500 represented a fair market value for the property.
• The size, condition, and specification of 15 REDNAL MILL DRIVE has not materially changed since July 2019.

How Large is 15 REDNAL MILL DRIVE?

15 REDNAL MILL DRIVE is 64m² according to the EPC inspection conducted in February 2015. This puts it in the smallest 10% of semi-detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Birmingham, and where 15 REDNAL MILL DRIVE lies on this distribution: 3% of semi-detached houses houses are smaller than 15 REDNAL MILL DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

15 REDNAL MILL DRIVE: Plot and Title Map

15 REDNAL MILL DRIVE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 15 REDNAL MILL 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 15 REDNAL MILL 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 15 REDNAL MILL DRIVE?

15 REDNAL MILL DRIVE is located in REDNAL, in the B45 postcode district. The below map shows the position of No. 15 on REDNAL MILL DRIVE.