1, FAIROAK DRIVE, BROMSGROVE, B60 3PN - £377,500

1 FAIROAK DRIVE is a midsized detached house of 123m², built sometime between 1983 and 1990. It was last sold for £377,500 in July 2020, which was around 11% below the average July 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was May 2018, where the current energy rating was C, and the potential energy rating was B.

1 FAIROAK DRIVE Sold Prices

Land registry data shows two sales for 1 FAIROAK DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. Both of the two 1 FAIROAK DRIVE 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
2020 17 JUL	£377,500	£425,500	11% below HPI
2019 16 JUL	£355,000	£434,058	18% below HPI

1 FAIROAK DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The two 1 FAIROAK DRIVE sales from July 2019 and July 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 July 2019 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 FAIROAK DRIVE?

1 FAIROAK DRIVE is 123m² according to the EPC inspection conducted in May 2018. This puts it in the largest 50% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 1 FAIROAK DRIVE lies on this distribution: 55% of detached houses are smaller than 1 FAIROAK DRIVE, and 44% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

1 FAIROAK DRIVE: Plot and Title Map

1 FAIROAK DRIVE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 1 FAIROAK 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 1 FAIROAK 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 1 FAIROAK DRIVE?

1 FAIROAK DRIVE is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 1 on FAIROAK DRIVE.