NEW HOUSE, BRAKE LANE, HAGLEY, STOURBRIDGE, DY8 2XW - £500,000

NEW HOUSE is a large extended detached house of 165m², built sometime between 2003 and 2006. It was last sold for £500,000 in July 2012, which was around 69% above the average July 2012 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.

NEW HOUSE Sold Prices

Land registry data shows two sales for NEW HOUSE 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 NEW HOUSE 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
2012 19 JUL	£500,000	£296,462	69% above HPI
2004 25 JUN	£495,000	£273,824	81% above HPI

NEW HOUSE 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 NEW HOUSE sales from June 2004 and July 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 June 2004 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the July 2012 sale, where it falls to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is NEW HOUSE?

NEW HOUSE is 165m², which includes two extensions, according to the EPC inspection conducted in March 2012. This puts it in the largest 40% of detached houses in Hagley, based on EPC data. The below chart shows the distribution of detached houses by size in Hagley, and where NEW HOUSE lies on this distribution: 60% of detached houses are smaller than NEW HOUSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Hagley.

NEW HOUSE: Plot and Title Map

NEW HOUSE sits on a plot of roughly 0.124 of an acre, or 501m². The below map shows the location of NEW HOUSE, 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 NEW HOUSE). 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 NEW HOUSE?

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