12, MEDICI ROAD, BROMSGROVE, B60 2RL - £400,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 MEDICI ROAD is a midsized extended detached house of 118m², built sometime between 1996 and 2002. It was last sold for £400,000 in September 2020, which was around 10% below the average September 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

12 MEDICI ROAD Sold Prices

Land registry data shows two sales for 12 MEDICI ROAD 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 12 MEDICI ROAD 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
2020 3 SEP	£400,000	£444,661	10% below HPI
2013 12 DEC	£290,000	£315,422	8% below HPI

12 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 two 12 MEDICI ROAD sales from December 2013 and September 2020 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 December 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2020 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 12 MEDICI ROAD?

12 MEDICI ROAD is 118m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 50% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 12 MEDICI ROAD lies on this distribution: 48% of detached houses are smaller than 12 MEDICI ROAD, and 51% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

12 MEDICI ROAD: Plot and Title Map

12 MEDICI ROAD sits on a plot of roughly 0.074 of an acre, or 300m². The below map shows the location of 12 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 12 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 12 MEDICI ROAD?

12 MEDICI ROAD is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 12 on MEDICI ROAD.