5, WESTMINSTER CLOSE, BROMSGROVE, B61 7PP - £325,000

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.

5 WESTMINSTER CLOSE is a small detached house of 107m², built sometime between 1976 and 1982, which could now be worth an estimated £390,726. It was last sold for £325,000 in May 2019, which was around 24% below the average May 2019 detached price in the Bromsgrove local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

5 WESTMINSTER CLOSE Sold Prices

Land registry data shows one sale for 5 WESTMINSTER CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2019 21 MAY	£325,000	£429,370	24% below HPI

What might 5 WESTMINSTER CLOSE be worth now?

5 WESTMINSTER CLOSE might now be worth an estimated £390,726.

This is based on house price inflation of 20.2%, between May 2019 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 20.2% inflationary increase is applied to the most recent sale price for 5 WESTMINSTER CLOSE of £325,000 on 21st May 2019. For the value to have increased from £325,000 to £390,726 over the seven years to May 2026, the following assumptions must hold true:

• The value of 5 WESTMINSTER CLOSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The May 2019 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 5 WESTMINSTER CLOSE has not materially changed since May 2019.

How Large is 5 WESTMINSTER CLOSE?

5 WESTMINSTER CLOSE is 107m² according to the EPC inspection conducted in July 2018. This puts it in the smallest 40% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 5 WESTMINSTER CLOSE lies on this distribution: 33% of detached houses are smaller than 5 WESTMINSTER CLOSE, and 66% of detached houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

5 WESTMINSTER CLOSE: Plot

5 WESTMINSTER CLOSE sits on a plot of roughly 0.096 of an acre, or 389m².

Where is 5 WESTMINSTER CLOSE?

5 WESTMINSTER CLOSE is located in BROMSGROVE, in the B61 postcode district.