25, FAIROAK DRIVE, BROMSGROVE, B60 3PN - £326,500

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.

25 FAIROAK DRIVE is a midsized extended detached house of 115m², built sometime between 1983 and 1990, which could now be worth an estimated £393,303. It was last sold for £326,500 in July 2020, which was around 24% below the average July 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

25 FAIROAK DRIVE Sold Prices

Land registry data shows three sales for 25 FAIROAK DRIVE 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 25 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	£326,500	£428,425	24% below HPI
2016 31 AUG	£274,000	£380,695	28% below HPI
2011 18 FEB	£210,000	£313,406	33% below HPI

25 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 three 25 FAIROAK DRIVE sales between February 2011 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 August 2016 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2020 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 25 FAIROAK DRIVE be worth now?

25 FAIROAK DRIVE might now be worth an estimated £393,303.

This is based on house price inflation of 20.5%, between July 2020 and March 2025, 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 20.5% inflationary increase is applied to the most recent sale price for 25 FAIROAK DRIVE of £326,500 on 17th July 2020. For the value to have increased from £326,500 to £393,303 over the five years and four months to March 2025, the following assumptions must hold true:

• The value of 25 FAIROAK DRIVE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The July 2020 sale price of £326,500 represented a fair market value for the property.
• The size, condition, and specification of 25 FAIROAK DRIVE has not materially changed since July 2020.

How Large is 25 FAIROAK DRIVE?

25 FAIROAK DRIVE is 115m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the smallest 50% 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 25 FAIROAK DRIVE lies on this distribution: 44% of detached houses houses are smaller than 25 FAIROAK DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

25 FAIROAK DRIVE: Plot and Title Map

25 FAIROAK DRIVE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 25 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 25 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 25 FAIROAK DRIVE?

25 FAIROAK DRIVE is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 25 on FAIROAK DRIVE.