3B, THE FLATS, BROMSGROVE, B61 8LF - £178,000

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.

3B THE FLATS is a very small terraced house of 87m², built in 2015, which could now be worth an estimated £262,933. It was last sold for £178,000 in September 2015, which was about the average September 2015 terraced price in the Bromsgrove local authority area. The most recent EPC inspection was July 2015, where the current energy rating was B, and the potential energy rating was A.

3B THE FLATS Sold Prices

Land registry data shows two sales for 3B THE FLATS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Bromsgrove local authority area for the corresponding sale date. One of the two 3B THE FLATS sales was roughly equal to 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
2015 2 SEP	£178,000	£178,546	Close to HPI
1997 8 AUG	£102,000	£58,235	75% above HPI

3B THE FLATS Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Bromsgrove local authority area over time, sourced from the HPI. The two 3B THE FLATS sales from August 1997 and September 2015 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 1997 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the September 2015 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 3B THE FLATS be worth now?

3B THE FLATS might now be worth an estimated £262,933.

This is based on house price inflation of 47.7%, between September 2015 and May 2026, for terraced 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 47.7% inflationary increase is applied to the most recent sale price for 3B THE FLATS of £178,000 on 2nd September 2015. For the value to have increased from £178,000 to £262,933 over the eleven years and four months to May 2026, the following assumptions must hold true:

• The value of 3B THE FLATS has moved in line with the HPI for terraced houses in the Bromsgrove local authority area.
• The September 2015 sale price of £178,000 represented a fair market value for the property.
• The size, condition, and specification of 3B THE FLATS has not materially changed since September 2015.

How Large is 3B THE FLATS?

3B THE FLATS is 87m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 20% of terraced houses houses in Bromsgrove, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Bromsgrove, and where 3B THE FLATS lies on this distribution: 12% of terraced houses houses are smaller than 3B THE FLATS, and 87% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

3B THE FLATS: Plot and Title Map

3B THE FLATS sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of 3B THE FLATS, 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 3B THE FLATS). 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 3B THE FLATS?

3B THE FLATS is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 3B on THE FLATS.