Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources
562 BIRMINGHAM ROAD is a large extended detached house of 141m², built sometime between 1930 and 1949. It was last sold for £730,000 in March 2024, which was around 44% above the average March 2024 detached price in the Bromsgrove local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows three sales for 562 BIRMINGHAM ROAD since 1st 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. Two of the three 562 BIRMINGHAM ROAD sales were for above the average price, whilst one was 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 |
---|---|---|---|
2024 20 MAR | £730,000 | £505,205 | 44% above HPI |
2016 25 MAY | £525,000 | £367,250 | 43% above HPI |
2011 27 MAY | £285,000 | £295,263 | 3% below HPI |
The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The three 562 BIRMINGHAM ROAD sales between May 2011 and March 2024 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 May 2016 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the March 2024 sale, where it rises to 44% above the HPI. The line then continues to track at 44% above the HPI.
562 BIRMINGHAM ROAD is 141m², which includes three extensions, according to the EPC inspection conducted in February 2016. This puts it in the largest 30% of detached houses in Lower Marlbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Marlbrook, and where 562 BIRMINGHAM ROAD lies on this distribution: 77% of detached houses are smaller than 562 BIRMINGHAM ROAD, and 23% of houses are larger. Note that EPC data is not available for all properties in Lower Marlbrook.
562 BIRMINGHAM ROAD sits on a plot of roughly 0.188 of an acre, or 760m². The below map shows the location of 562 BIRMINGHAM ROAD, 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 562 BIRMINGHAM ROAD). 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.
562 BIRMINGHAM ROAD is located in LYDIATE ASH, in the B61 postcode district. The below map shows the position of No. 562 on BIRMINGHAM ROAD.