1, MEDICI ROAD, BROMSGROVE, B60 2RL - £515,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

1 MEDICI ROAD is a large detached house of 152m², built sometime between 1996 and 2002. It was last sold for £515,000 in January 2024, which was around 1% below the average January 2024 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

1 MEDICI ROAD Sold Prices

Land registry data shows three sales for 1 MEDICI ROAD 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. One of the three 1 MEDICI ROAD sales was for below the average price, whilst two 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
2024 26 JAN	£515,000	£519,989	1% below HPI
2010 27 OCT	£315,000	£306,749	3% above HPI
2000 29 AUG	£177,000	£157,132	13% above HPI

1 MEDICI ROAD 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 1 MEDICI ROAD sales between August 2000 and January 2024 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 October 2010 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the January 2024 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 1 MEDICI ROAD?

1 MEDICI ROAD is 152m² according to the EPC inspection conducted in October 2022. This puts it in the largest 30% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 1 MEDICI ROAD lies on this distribution: 78% of detached houses are smaller than 1 MEDICI ROAD, and 21% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

1 MEDICI ROAD: Plot and Title Map

1 MEDICI ROAD sits on a plot of roughly 0.105 of an acre, or 426m². The below map shows the location of 1 MEDICI ROAD, 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 1 MEDICI ROAD). 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 1 MEDICI ROAD?

1 MEDICI ROAD is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 1 on MEDICI ROAD.