422, GRESSEL LANE, BIRMINGHAM, B33 9UX - £78,500

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.

422 GRESSEL LANE is a large flat of 70m², built sometime between 1950 and 1966, which could now be worth an estimated £113,287. It was last sold for £78,500 in February 2015, which was around 22% below the average February 2015 flat price in the Birmingham local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was D.

422 GRESSEL LANE Sold Prices

Land registry data shows two sales for 422 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 422 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
2015 13 FEB	£78,500	£100,388	22% below HPI
1995 24 MAR	£32,000	£34,903	8% below HPI

What might 422 GRESSEL LANE be worth now?

422 GRESSEL LANE might now be worth an estimated £113,287.

This is based on house price inflation of 44.3%, between February 2015 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 44.3% inflationary increase is applied to the most recent sale price for 422 GRESSEL LANE of £78,500 on 13th February 2015. For the value to have increased from £78,500 to £113,287 over the ten years and nine months to May 2026, the following assumptions must hold true:

• The value of 422 GRESSEL LANE has moved in line with the HPI for flats in the Birmingham local authority area.
• The February 2015 sale price of £78,500 represented a fair market value for the property.
• The size, condition, and specification of 422 GRESSEL LANE has not materially changed since February 2015.

How Large is 422 GRESSEL LANE?

422 GRESSEL LANE is 70m² according to the EPC inspection conducted in June 2013. This puts it in the largest 30% of flats in Birmingham, based on EPC data. 78% of flats are smaller than 422 GRESSEL LANE, and 21% of flats are larger. Note that EPC data is not available for all properties in Birmingham.

422 GRESSEL LANE: Plot

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

Where is 422 GRESSEL LANE?

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