8, TOWER DRIVE, BROMSGROVE, B61 0TZ - £455,000

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.

8 TOWER DRIVE is a large extended detached house of 134m², built sometime between 1996 and 2002, which could now be worth an estimated £548,223. It was last sold for £455,000 in July 2020, which was around 6% above the average July 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was C.

8 TOWER DRIVE Sold Prices

Land registry data shows three sales for 8 TOWER DRIVE since 1^st 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 8 TOWER DRIVE 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
2020 31 JUL	£455,000	£428,425	6% above HPI
2003 29 AUG	£250,000	£252,507	1% below HPI
1999 23 DEC	£172,500	£150,803	14% above HPI

8 TOWER 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 three 8 TOWER DRIVE sales between December 1999 and July 2020 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 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the July 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might 8 TOWER DRIVE be worth now?

8 TOWER DRIVE might now be worth an estimated £548,223.

This is based on house price inflation of 20.5%, between July 2020 and May 2026, for detached 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 20.5% inflationary increase is applied to the most recent sale price for 8 TOWER DRIVE of £455,000 on 31st July 2020. For the value to have increased from £455,000 to £548,223 over the six years and two months to May 2026, the following assumptions must hold true:

• The value of 8 TOWER DRIVE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The July 2020 sale price of £455,000 represented a fair market value for the property.
• The size, condition, and specification of 8 TOWER DRIVE has not materially changed since July 2020.

How Large is 8 TOWER DRIVE?

8 TOWER DRIVE is 134m², which includes three extensions, according to the EPC inspection conducted in May 2020. This puts it in the largest 40% of detached houses houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromsgrove, and where 8 TOWER DRIVE lies on this distribution: 67% of detached houses houses are smaller than 8 TOWER DRIVE, and 33% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

8 TOWER DRIVE: Plot and Title Map

8 TOWER DRIVE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 8 TOWER 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 8 TOWER 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 8 TOWER DRIVE?

8 TOWER DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 8 on TOWER DRIVE.