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
15 TOWER DRIVE is a large extended detached house of 133m², built sometime between 1996 and 2002. It was last sold for £495,000 in November 2022, which was around 4% below the average November 2022 detached price in the Bromsgrove local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.
Land registry data shows two sales for 15 TOWER DRIVE since 1st 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. One of the two 15 TOWER DRIVE sales was for below the average price, whilst the other was 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 |
---|---|---|---|
2022 4 NOV | £495,000 | £513,842 | 4% below HPI |
1999 22 DEC | £175,995 | £149,774 | 18% above HPI |
The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The two 15 TOWER DRIVE sales from December 1999 and November 2022 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 1999 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the November 2022 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.
15 TOWER DRIVE is 133m², which includes three extensions, according to the EPC inspection conducted in March 2022. 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 15 TOWER DRIVE lies on this distribution: 66% of detached houses are smaller than 15 TOWER DRIVE, and 34% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.
15 TOWER DRIVE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 15 TOWER DRIVE, 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 15 TOWER DRIVE). 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.
15 TOWER DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 15 on TOWER DRIVE.