159, MILL LANE, NORTHFIELD, BIRMINGHAM, B31 2RN - £113,500

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.

159 MILL LANE is a very small terraced house of 77m², built sometime between 1900 and 1929, which could now be worth an estimated £220,343. It was last sold for £113,500 in February 2005, which was about the average February 2005 terraced price in the Birmingham local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was C.

159 MILL LANE Sold Prices

Land registry data shows two sales for 159 MILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Birmingham local authority area for the corresponding sale date. One of the two 159 MILL LANE sales was roughly equal to the average price, whilst the other was for above 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
2005 18 FEB	£113,500	£113,185	Close to HPI
2001 11 MAY	£62,000	£57,639	8% above HPI

159 MILL LANE 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 two 159 MILL LANE sales from May 2001 and February 2005 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 2001 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2005 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 159 MILL LANE be worth now?

159 MILL LANE might now be worth an estimated £220,343.

This is based on house price inflation of 94.1%, between February 2005 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 94.1% inflationary increase is applied to the most recent sale price for 159 MILL LANE of £113,500 on 18th February 2005. For the value to have increased from £113,500 to £220,343 over the twenty years and nine months to May 2026, the following assumptions must hold true:

• The value of 159 MILL LANE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The February 2005 sale price of £113,500 represented a fair market value for the property.
• The size, condition, and specification of 159 MILL LANE has not materially changed since February 2005.

How Large is 159 MILL LANE?

159 MILL LANE is 77m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% 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 159 MILL LANE lies on this distribution: 9% of terraced houses houses are smaller than 159 MILL LANE, and 90% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

159 MILL LANE: Plot and Title Map

159 MILL LANE sits on a plot of roughly 0.029 of an acre, or 116m². The below map shows the location of 159 MILL LANE, 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 159 MILL LANE). 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 159 MILL LANE?

159 MILL LANE is located in NORTHFIELD, in the B31 postcode district. The below map shows the position of No. 159 on MILL LANE.