9, TOWER DRIVE, BROMSGROVE, B61 0TZ - £227,500

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.

9 TOWER DRIVE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £402,136. It was last sold for £227,500 in May 2012, which was around 22% below the average May 2012 detached price in the Bromsgrove local authority area. The most recent EPC inspection was March 2015, where the current energy rating was F, and the potential energy rating was A.

9 TOWER DRIVE Sold Prices

Land registry data shows four sales for 9 TOWER DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. All of the four 9 TOWER 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
2012 24 MAY	£227,500	£292,031	22% below HPI
2004 2 JUL	£219,000	£274,225	20% below HPI
2002 3 SEP	£186,000	£216,022	14% below HPI
2000 22 MAR	£143,000	£154,999	8% below HPI

9 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 four 9 TOWER DRIVE sales between March 2000 and May 2012 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 July 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2012 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 9 TOWER DRIVE be worth now?

9 TOWER DRIVE might now be worth an estimated £402,136.

This is based on house price inflation of 76.8%, between May 2012 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 76.8% inflationary increase is applied to the most recent sale price for 9 TOWER DRIVE of £227,500 on 24th May 2012. For the value to have increased from £227,500 to £402,136 over the fourteen years to May 2026, the following assumptions must hold true:

• The value of 9 TOWER DRIVE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The May 2012 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of 9 TOWER DRIVE has not materially changed since May 2012.

How Large is 9 TOWER DRIVE?

9 TOWER DRIVE is 115m² according to the EPC inspection conducted in March 2015. This puts it in the smallest 50% 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 9 TOWER DRIVE lies on this distribution: 45% of detached houses houses are smaller than 9 TOWER DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

9 TOWER DRIVE: Plot and Title Map

9 TOWER DRIVE sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 9 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 9 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 9 TOWER DRIVE?

9 TOWER DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 9 on TOWER DRIVE.