3, THE RISE, HOPWOOD, BIRMINGHAM, B48 7AP - £363,000

3 THE RISE is a small extended detached house of 117m², built sometime between 1930 and 1949. It was last sold for £363,000 in July 2017, which was around 10% below the average July 2017 detached price in the Bromsgrove local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

3 THE RISE Sold Prices

Land registry data shows two sales for 3 THE RISE 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. One of the two 3 THE RISE sales was for below the average price, whilst the other was 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
2017 28 JUL	£363,000	£404,998	10% below HPI
1998 6 OCT	£139,950	£135,370	3% above HPI

3 THE RISE 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 3 THE RISE sales from October 1998 and July 2017 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 October 1998 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2017 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 3 THE RISE?

3 THE RISE is 117m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 30% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where 3 THE RISE lies on this distribution: 28% of detached houses are smaller than 3 THE RISE, and 72% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

3 THE RISE: Plot and Title Map

3 THE RISE sits on a plot of roughly 0.100 of an acre, or 407m². The below map shows the location of 3 THE RISE, 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 THE RISE). 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 THE RISE?

3 THE RISE is located in HOPWOOD, in the B48 postcode district. The below map shows the position of No. 3 on THE RISE.