35A, REDNAL MILL DRIVE, REDNAL, BIRMINGHAM, B45 8XX - £257,000

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.

35A REDNAL MILL DRIVE is a very small terraced house of 71m², built sometime between 1991 and 1995, which could now be worth an estimated £262,800. It was last sold for £257,000 in October 2022, which was around 18% above the average October 2022 terraced price in the Birmingham local authority area. The most recent EPC inspection was April 2022, where the current energy rating was C, and the potential energy rating was B.

35A REDNAL MILL DRIVE Sold Prices

Land registry data shows three sales for 35A REDNAL MILL DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Birmingham local authority area for the corresponding sale date. All of the three 35A REDNAL MILL DRIVE 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 7 OCT	£257,000	£216,927	18% above HPI
2000 11 FEB	£69,000	£48,690	42% above HPI
1997 1 AUG	£59,500	£42,410	40% above HPI

35A REDNAL MILL DRIVE 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 three 35A REDNAL MILL DRIVE sales between August 1997 and October 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 February 2000 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the October 2022 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 35A REDNAL MILL DRIVE be worth now?

35A REDNAL MILL DRIVE might now be worth an estimated £262,800.

This is based on house price inflation of 2.3%, between October 2022 and October 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 2.3% inflationary increase is applied to the most recent sale price for 35A REDNAL MILL DRIVE of £257,000 on 7th October 2022. For the value to have increased from £257,000 to £262,800 over the three years to October 2025, the following assumptions must hold true:

• The value of 35A REDNAL MILL DRIVE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The October 2022 sale price of £257,000 represented a fair market value for the property.
• The size, condition, and specification of 35A REDNAL MILL DRIVE has not materially changed since October 2022.

How Large is 35A REDNAL MILL DRIVE?

35A REDNAL MILL DRIVE is 71m² according to the EPC inspection conducted in April 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 35A REDNAL MILL DRIVE lies on this distribution: 6% of terraced houses houses are smaller than 35A REDNAL MILL DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

35A REDNAL MILL DRIVE: Plot and Title Map

35A REDNAL MILL DRIVE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of 35A 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 35A 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 35A REDNAL MILL DRIVE?

35A REDNAL MILL DRIVE is located in REDNAL, in the B45 postcode district. The below map shows the position of No. 35A on REDNAL MILL DRIVE.