1, STEEL CLOSE, BROMSGROVE, B60 3GQ - £215,000

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 STEEL CLOSE is a large detached house of 130m², built sometime between 2003 and 2006. It was last sold for £215,000 in December 2011, which was around 30% below the average December 2011 detached price in the Bromsgrove local authority area. The most recent EPC inspection was March 2011, where the current energy rating was C, and the potential energy rating was C.

1 STEEL CLOSE Sold Prices

Land registry data shows two sales for 1 STEEL CLOSE 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 1 STEEL CLOSE 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
2011 2 DEC	£215,000	£307,595	30% below HPI
2006 27 FEB	£215,000	£297,814	28% below HPI

1 STEEL CLOSE 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 1 STEEL CLOSE sales from February 2006 and December 2011 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 February 2006 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2011 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 1 STEEL CLOSE?

1 STEEL CLOSE is 130m² according to the EPC inspection conducted in March 2011. This puts it in the largest 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 1 STEEL CLOSE lies on this distribution: 63% of detached houses are smaller than 1 STEEL CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

1 STEEL CLOSE: Plot and Title Map

1 STEEL CLOSE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 1 STEEL CLOSE, 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 STEEL CLOSE). 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 STEEL CLOSE?

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