3, POVERTY, ASTWOOD BANK, REDDITCH, B96 6DG - £232,000

3 POVERTY is a very small extended detached house of 59m², built sometime before 1900. It was last sold for £232,000 in September 2021, which was around 37% below the average September 2021 detached price in the Redditch local authority area. The most recent EPC inspection was October 2018, where the current energy rating was E, and the potential energy rating was B.

3 POVERTY Sold Prices

Land registry data shows six sales for 3 POVERTY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Redditch local authority area for the corresponding sale date. All of the six 3 POVERTY 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 3 SEP	£232,000	£370,637	37% below HPI
2019 8 FEB	£185,000	£330,001	44% below HPI
2005 26 AUG	£145,000	£240,032	40% below HPI
2002 13 DEC	£119,950	£188,701	36% below HPI
2001 24 OCT	£92,500	£146,517	37% below HPI
1996 5 NOV	£42,500	£89,732	53% below HPI

3 POVERTY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Redditch local authority area over time, sourced from the HPI. The six 3 POVERTY sales between November 1996 and September 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 2019 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the September 2021 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

How Large is 3 POVERTY?

3 POVERTY is 59m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of detached houses in Astwood Bank, based on EPC data. The below chart shows the distribution of detached houses by size in Astwood Bank, and where 3 POVERTY lies on this distribution: 2% of detached houses are smaller than 3 POVERTY, and 98% of houses are larger. Note that EPC data is not available for all properties in Astwood Bank.

3 POVERTY: Plot and Title Map

3 POVERTY sits on a plot of roughly 0.032 of an acre, or 128m². The below map shows the location of 3 POVERTY, 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 3 POVERTY). 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 3 POVERTY?

3 POVERTY is located in ASTWOOD BANK, in the B96 postcode district. The below map shows the position of No. 3 on POVERTY.