FOURWAYS, BRAKE LANE, HAGLEY, STOURBRIDGE, DY8 2XW - £700,000

FOURWAYS is a very large extended detached house of 280m², built sometime between 1930 and 1949. It was last sold for £700,000 in December 2008, which was around 140% above the average December 2008 detached price in the Bromsgrove local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was D.

FOURWAYS Sold Prices

Land registry data shows two sales for FOURWAYS 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 FOURWAYS sales were 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
2008 10 DEC	£700,000	£291,802	140% above HPI
2004 11 JUN	£570,000	£273,824	108% above HPI

FOURWAYS 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 FOURWAYS sales from June 2004 and December 2008 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 June 2004 sale was for 108% above the HPI. So the extrapolation line tracks at 108% above the HPI over time, until the December 2008 sale, where it rises to 140% above the HPI. The line then continues to track at 140% above the HPI.

How Large is FOURWAYS?

FOURWAYS is 280m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 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 FOURWAYS lies on this distribution: 96% of detached houses are smaller than FOURWAYS, and 3% of houses are larger. Note that EPC data is not available for all properties in Hagley.

FOURWAYS: Plot and Title Map

FOURWAYS sits on a plot of roughly 0.121 of an acre, or 492m². The below map shows the location of FOURWAYS, 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 FOURWAYS). 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 FOURWAYS?

FOURWAYS is located on BRAKE LANE in HAGLEY, in the DY8 postcode district. The below map shows the position of FOURWAYS on BRAKE LANE.