8, HALFWAY CLOSE, BIRMINGHAM, B44 8JL - £175,000

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.

8 HALFWAY CLOSE is a very small extended terraced house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £220,008. It was last sold for £175,000 in November 2020, which was about the average November 2020 terraced price in the Birmingham local authority area. The most recent EPC inspection was December 2014, where the current energy rating was D, and the potential energy rating was B.

8 HALFWAY CLOSE Sold Prices

Land registry data shows five sales for 8 HALFWAY CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the Birmingham local authority area for the corresponding sale date. The five 8 HALFWAY CLOSE sales were a mix of roughly equal to the average price, above the average price, and 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
2020 20 NOV	£175,000	£174,780	Close to HPI
2017 13 JAN	£136,000	£147,482	8% below HPI
2014 13 JUN	£124,000	£125,376	1% below HPI
2012 9 NOV	£125,000	£116,888	7% above HPI
2004 6 MAY	£111,000	£106,081	5% above HPI

8 HALFWAY CLOSE 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 five 8 HALFWAY CLOSE sales between May 2004 and November 2020 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 January 2017 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the November 2020 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 8 HALFWAY CLOSE be worth now?

8 HALFWAY CLOSE might now be worth an estimated £220,008.

This is based on house price inflation of 25.7%, between November 2020 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 25.7% inflationary increase is applied to the most recent sale price for 8 HALFWAY CLOSE of £175,000 on 20th November 2020. For the value to have increased from £175,000 to £220,008 over the six years and six months to May 2026, the following assumptions must hold true:

• The value of 8 HALFWAY CLOSE has moved in line with the HPI for terraced houses in the Birmingham local authority area.
• The November 2020 sale price of £175,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HALFWAY CLOSE has not materially changed since November 2020.

How Large is 8 HALFWAY CLOSE?

8 HALFWAY CLOSE is 73m², which includes one extension, according to the EPC inspection conducted in December 2014. 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 8 HALFWAY CLOSE lies on this distribution: 6% of terraced houses houses are smaller than 8 HALFWAY CLOSE, and 93% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

8 HALFWAY CLOSE: Plot and Title Map

8 HALFWAY CLOSE sits on a plot of roughly 0.050 of an acre, or 201m². The below map shows the location of 8 HALFWAY 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 8 HALFWAY 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 8 HALFWAY CLOSE?

8 HALFWAY CLOSE is located in BIRMINGHAM, in the B44 postcode district. The below map shows the position of No. 8 on HALFWAY CLOSE.