291, PRINCE OF WALES LANE, BIRMINGHAM, B14 4LN - £264,000

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.

291 PRINCE OF WALES LANE is a very small terraced house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £273,176. It was last sold for £264,000 in July 2022, which was around 26% above the average July 2022 terraced price in the Birmingham local authority area. The most recent EPC inspection was April 2017, where the current energy rating was C, and the potential energy rating was B.

291 PRINCE OF WALES LANE Sold Prices

Land registry data shows two sales for 291 PRINCE OF WALES 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. Both of the two 291 PRINCE OF WALES LANE sales were 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
2022 1 JUL	£264,000	£208,882	26% above HPI
2017 11 AUG	£180,000	£156,103	15% above HPI

291 PRINCE OF WALES 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 291 PRINCE OF WALES LANE sales from August 2017 and July 2022 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 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 291 PRINCE OF WALES LANE be worth now?

291 PRINCE OF WALES LANE might now be worth an estimated £273,176.

This is based on house price inflation of 3.5%, between July 2022 and July 2025, 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 3.5% inflationary increase is applied to the most recent sale price for 291 PRINCE OF WALES LANE of £264,000 on 1st July 2022. For the value to have increased from £264,000 to £273,176 over the three years to July 2025, the following assumptions must hold true:

• The value of 291 PRINCE OF WALES LANE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The July 2022 sale price of £264,000 represented a fair market value for the property.
• The size, condition, and specification of 291 PRINCE OF WALES LANE has not materially changed since July 2022.

How Large is 291 PRINCE OF WALES LANE?

291 PRINCE OF WALES LANE is 78m² according to the EPC inspection conducted in April 2017. 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 291 PRINCE OF WALES LANE lies on this distribution: 10% of terraced houses houses are smaller than 291 PRINCE OF WALES LANE, and 89% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

291 PRINCE OF WALES LANE: Plot and Title Map

291 PRINCE OF WALES LANE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 291 PRINCE OF WALES 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 291 PRINCE OF WALES 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 291 PRINCE OF WALES LANE?

291 PRINCE OF WALES LANE is located in BIRMINGHAM, in the B14 postcode district. The below map shows the position of No. 291 on PRINCE OF WALES LANE.