5, WIREMILL CLOSE, BIRMINGHAM, B44 8HQ - £270,000

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.

5 WIREMILL CLOSE is a very small semi-detached house of 57m², built sometime between 1983 and 1990, which could now be worth an estimated £291,730. It was last sold for £270,000 in May 2022, which was around 6% above the average May 2022 semi-detached price in the Birmingham local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

5 WIREMILL CLOSE Sold Prices

Land registry data shows three sales for 5 WIREMILL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Birmingham local authority area for the corresponding sale date. One of the three 5 WIREMILL CLOSE sales was for above the average price, whilst two were for below 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 31 MAY	£270,000	£255,852	6% above HPI
2017 27 OCT	£165,500	£193,987	15% below HPI
2011 13 OCT	£138,500	£141,439	2% below HPI

5 WIREMILL CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Birmingham local authority area over time, sourced from the HPI. The three 5 WIREMILL CLOSE sales between October 2011 and May 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 October 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the May 2022 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 5 WIREMILL CLOSE be worth now?

5 WIREMILL CLOSE might now be worth an estimated £291,730.

This is based on house price inflation of 8%, between May 2022 and April 2026, for semi-detached 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 8% inflationary increase is applied to the most recent sale price for 5 WIREMILL CLOSE of £270,000 on 31st May 2022. For the value to have increased from £270,000 to £291,730 over the four years and one month to April 2026, the following assumptions must hold true:

• The value of 5 WIREMILL CLOSE has moved in line with the HPI for semi-detached houses in the Birmingham local authority area.
• The May 2022 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WIREMILL CLOSE has not materially changed since May 2022.

How Large is 5 WIREMILL CLOSE?

5 WIREMILL CLOSE is 57m² according to the EPC inspection conducted in February 2022. This puts it in the smallest 10% of semi-detached houses houses in Birmingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Birmingham, and where 5 WIREMILL CLOSE lies on this distribution: 1% of semi-detached houses houses are smaller than 5 WIREMILL CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

5 WIREMILL CLOSE: Plot and Title Map

5 WIREMILL CLOSE sits on a plot of roughly 0.073 of an acre, or 296m². The below map shows the location of 5 WIREMILL CLOSE, 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 5 WIREMILL CLOSE). 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 5 WIREMILL CLOSE?

5 WIREMILL CLOSE is located in BIRMINGHAM, in the B44 postcode district. The below map shows the position of No. 5 on WIREMILL CLOSE.