2, HILL LANE, BROMSGROVE, B60 2BP - £360,000

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 HILL LANE is a small detached house of 98m², built sometime between 1967 and 1975, which could now be worth an estimated £405,592. It was last sold for £360,000 in July 2021, which was around 21% below the average July 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

2 HILL LANE Sold Prices

Land registry data shows three sales for 2 HILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. All of the three 2 HILL 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
2021 21 JUL	£360,000	£458,177	21% below HPI
2002 22 FEB	£165,000	£190,047	13% below HPI
2000 31 JAN	£132,000	£153,825	14% below HPI

2 HILL LANE 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 three 2 HILL LANE sales between January 2000 and July 2021 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 February 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2021 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might 2 HILL LANE be worth now?

2 HILL LANE might now be worth an estimated £405,592.

This is based on house price inflation of 12.7%, between July 2021 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 12.7% inflationary increase is applied to the most recent sale price for 2 HILL LANE of £360,000 on 21st July 2021. For the value to have increased from £360,000 to £405,592 over the five years and two months to May 2026, the following assumptions must hold true:

• The value of 2 HILL LANE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The July 2021 sale price of £360,000 represented a fair market value for the property.
• The size, condition, and specification of 2 HILL LANE has not materially changed since July 2021.

How Large is 2 HILL LANE?

2 HILL LANE is 98m² according to the EPC inspection conducted in May 2021. This puts it in the smallest 30% 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 HILL LANE lies on this distribution: 22% of detached houses houses are smaller than 2 HILL LANE, and 77% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

2 HILL LANE: Plot and Title Map

2 HILL LANE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 2 HILL LANE, 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 HILL LANE). 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 HILL LANE?

2 HILL LANE is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 2 on HILL LANE.