23, RED LION STREET, ALVECHURCH, BIRMINGHAM, B48 7LG - £218,000

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.

23 RED LION STREET is a very small extended terraced house of 57m², built sometime before 1900, which could now be worth an estimated £249,629. It was last sold for £218,000 in October 2021, which was around 9% below the average October 2021 terraced price in the Bromsgrove local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

23 RED LION STREET Sold Prices

Land registry data shows three sales for 23 RED LION STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Bromsgrove local authority area for the corresponding sale date. Two of the three 23 RED LION STREET sales were for below the average price, whilst one 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
2021 8 OCT	£218,000	£238,570	9% below HPI
2017 8 AUG	£218,950	£204,687	7% above HPI
1997 10 FEB	£52,000	£55,108	6% below HPI

23 RED LION STREET Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bromsgrove local authority area over time, sourced from the HPI. The three 23 RED LION STREET sales between February 1997 and October 2021 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 2017 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the October 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 23 RED LION STREET be worth now?

23 RED LION STREET might now be worth an estimated £249,629.

This is based on house price inflation of 14.5%, between October 2021 and October 2025, for terraced houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.5% inflationary increase is applied to the most recent sale price for 23 RED LION STREET of £218,000 on 8th October 2021. For the value to have increased from £218,000 to £249,629 over the four years to October 2025, the following assumptions must hold true:

• The value of 23 RED LION STREET has moved in line with the HPI for terraced houses in the Bromsgrove local authority area.
• The October 2021 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 23 RED LION STREET has not materially changed since October 2021.

How Large is 23 RED LION STREET?

23 RED LION STREET is 57m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 10% of terraced houses houses in Alvechurch, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Alvechurch, and where 23 RED LION STREET lies on this distribution: 1% of terraced houses houses are smaller than 23 RED LION STREET, and 99% of houses are larger. Note that EPC data is not available for all properties in Alvechurch.

23 RED LION STREET: Plot and Title Map

23 RED LION STREET sits on a plot of roughly 0.031 of an acre, or 125m². The below map shows the location of 23 RED LION STREET, 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 23 RED LION STREET). 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 23 RED LION STREET?

23 RED LION STREET is located in ALVECHURCH, in the B48 postcode district. The below map shows the position of No. 23 on RED LION STREET.