2, GREYFRIARS DRIVE, BROMSGROVE, B61 7LF - £515,000

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.

2 GREYFRIARS DRIVE is a very large detached house of 183m², built sometime between 1991 and 1995, which could now be worth an estimated £931,428. It was last sold for £515,000 in July 2005, which was around 80% above the average July 2005 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2016, where the current energy rating was E, and the potential energy rating was C.

2 GREYFRIARS DRIVE Sold Prices

Land registry data shows two sales for 2 GREYFRIARS 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 2 GREYFRIARS DRIVE sales were for above 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
2005 29 JUL	£515,000	£285,416	80% above HPI
2000 30 JUN	£385,000	£154,467	149% above HPI

2 GREYFRIARS 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 2 GREYFRIARS DRIVE sales from June 2000 and July 2005 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 June 2000 sale was for 149% above the HPI. So the extrapolation line tracks at 149% above the HPI over time, until the July 2005 sale, where it falls to 80% above the HPI. The line then continues to track at 80% above the HPI.

What might 2 GREYFRIARS DRIVE be worth now?

2 GREYFRIARS DRIVE might now be worth an estimated £931,428.

This is based on house price inflation of 80.9%, between July 2005 and May 2026, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 80.9% inflationary increase is applied to the most recent sale price for 2 GREYFRIARS DRIVE of £515,000 on 29th July 2005. For the value to have increased from £515,000 to £931,428 over the 21 years and two months to May 2026, the following assumptions must hold true:

• The value of 2 GREYFRIARS DRIVE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The July 2005 sale price of £515,000 represented a fair market value for the property.
• The size, condition, and specification of 2 GREYFRIARS DRIVE has not materially changed since July 2005.

How Large is 2 GREYFRIARS DRIVE?

2 GREYFRIARS DRIVE is 183m² according to the EPC inspection conducted in October 2016. This puts it in the largest 10% of detached houses houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromsgrove, and where 2 GREYFRIARS DRIVE lies on this distribution: 92% of detached houses houses are smaller than 2 GREYFRIARS DRIVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

2 GREYFRIARS DRIVE: Plot and Title Map

2 GREYFRIARS DRIVE sits on a plot of roughly 0.207 of an acre, or 838m². The below map shows the location of 2 GREYFRIARS 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 2 GREYFRIARS 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 2 GREYFRIARS DRIVE?

2 GREYFRIARS DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 2 on GREYFRIARS DRIVE.