416, GRESSEL LANE, BIRMINGHAM, B33 9UX - £130,000

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.

416 GRESSEL LANE is a large flat of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £128,694. It was last sold for £130,000 in August 2023, which was around 11% below the average August 2023 flat price in the Birmingham local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was C.

416 GRESSEL LANE Sold Prices

Land registry data shows two sales for 416 GRESSEL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Birmingham local authority area for the corresponding sale date. Both of the two 416 GRESSEL LANE sales 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
2023 31 AUG	£130,000	£146,345	11% below HPI
2002 8 MAR	£51,500	£57,243	10% below HPI

What might 416 GRESSEL LANE be worth now?

416 GRESSEL LANE might now be worth an estimated £128,694.

This is based on house price deflation of 1%, between August 2023 and May 2026, for flats, in the Birmingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1% deflationary decrease is applied to the most recent sale price for 416 GRESSEL LANE of £130,000 on 31st August 2023. For the value to have decreased from £130,000 to £128,694 over the three years and three months to May 2026, the following assumptions must hold true:

• The value of 416 GRESSEL LANE has moved in line with the HPI for flats in the Birmingham local authority area.
• The August 2023 sale price of £130,000 represented a fair market value for the property.
• The size, condition, and specification of 416 GRESSEL LANE has not materially changed since August 2023.

How Large is 416 GRESSEL LANE?

416 GRESSEL LANE is 65m² according to the EPC inspection conducted in February 2023. This puts it in the largest 40% of flats in Birmingham, based on EPC data. 67% of flats are smaller than 416 GRESSEL LANE, and 30% of flats are larger. Note that EPC data is not available for all properties in Birmingham.

416 GRESSEL LANE: Plot

416 GRESSEL LANE sits on a plot of roughly 1.3 acres, or 5,290m².

Where is 416 GRESSEL LANE?

416 GRESSEL LANE is located in BIRMINGHAM, in the B33 postcode district.