7, CHESTNUT DRIVE, HAGLEY, STOURBRIDGE, DY9 0GH - £425,000

7 CHESTNUT DRIVE is a very small detached house of 88m², built sometime between 2003 and 2006. It was last sold for £425,000 in January 2021, which was around 7% below the average January 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

7 CHESTNUT DRIVE Sold Prices

Land registry data shows two sales for 7 CHESTNUT DRIVE 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. Both of the two 7 CHESTNUT 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
2021 5 JAN	£425,000	£457,008	7% below HPI
2012 24 AUG	£270,000	£301,360	10% below HPI

7 CHESTNUT 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 two 7 CHESTNUT DRIVE sales from August 2012 and January 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 August 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 7 CHESTNUT DRIVE?

7 CHESTNUT DRIVE is 88m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Hagley, based on EPC data. The below chart shows the distribution of detached houses by size in Hagley, and where 7 CHESTNUT DRIVE lies on this distribution: 8% of detached houses are smaller than 7 CHESTNUT DRIVE, and 92% of houses are larger. Note that EPC data is not available for all properties in Hagley.

7 CHESTNUT DRIVE: Plot and Title Map

7 CHESTNUT DRIVE sits on a plot of roughly 0.079 of an acre, or 319m². The below map shows the location of 7 CHESTNUT 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 7 CHESTNUT 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 7 CHESTNUT DRIVE?

7 CHESTNUT DRIVE is located in HAGLEY, in the DY9 postcode district. The below map shows the position of No. 7 on CHESTNUT DRIVE.