40, MONASTERY DRIVE, ERDINGTON, BIRMINGHAM, B23 7AX - £180,000

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.

40 MONASTERY DRIVE is a small terraced house of 97m², built in 2011, which could now be worth an estimated £209,604. It was last sold for £180,000 in April 2021, which was around 5% below the average April 2021 terraced price in the Birmingham local authority area. The most recent EPC inspection was July 2011, where the current energy rating was B, and the potential energy rating was B.

40 MONASTERY DRIVE Sold Prices

Land registry data shows three sales for 40 MONASTERY 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. One of the three 40 MONASTERY DRIVE sales was for below the average price, whilst two 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
2021 15 APR	£180,000	£188,697	5% below HPI
2013 2 AUG	£150,000	£120,829	24% above HPI
2012 25 MAY	£184,950	£114,918	61% above HPI

40 MONASTERY 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 40 MONASTERY DRIVE sales between May 2012 and April 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 2013 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the April 2021 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 40 MONASTERY DRIVE be worth now?

40 MONASTERY DRIVE might now be worth an estimated £209,604.

This is based on house price inflation of 16.4%, between April 2021 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 16.4% inflationary increase is applied to the most recent sale price for 40 MONASTERY DRIVE of £180,000 on 15th April 2021. For the value to have increased from £180,000 to £209,604 over the four years and eleven months to May 2026, the following assumptions must hold true:

• The value of 40 MONASTERY DRIVE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The April 2021 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 40 MONASTERY DRIVE has not materially changed since April 2021.

How Large is 40 MONASTERY DRIVE?

40 MONASTERY DRIVE is 97m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 30% 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 40 MONASTERY DRIVE lies on this distribution: 30% of terraced houses houses are smaller than 40 MONASTERY DRIVE, and 69% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

40 MONASTERY DRIVE: Plot and Title Map

40 MONASTERY DRIVE sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 40 MONASTERY 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 40 MONASTERY 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 40 MONASTERY DRIVE?

40 MONASTERY DRIVE is located in ERDINGTON, in the B23 postcode district. The below map shows the position of No. 40 on MONASTERY DRIVE.