2, OAK TREE CLOSE, ALVECHURCH, BIRMINGHAM, B48 7PY - £395,000

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

2 OAK TREE CLOSE is a large extended detached house of 171m², built sometime between 1991 and 1995. It was last sold for £395,000 in December 2015, which was around 10% above the average December 2015 detached price in the Bromsgrove local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

2 OAK TREE CLOSE Sold Prices

Land registry data shows three sales for 2 OAK TREE CLOSE 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. The three 2 OAK TREE CLOSE sales were a mix of above the average price, and roughly equal to 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
2015 10 DEC	£395,000	£359,911	10% above HPI
2004 9 JAN	£258,500	£258,256	Close to HPI
1999 10 DEC	£152,500	£149,774	2% above HPI

2 OAK TREE 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 three 2 OAK TREE CLOSE sales between December 1999 and December 2015 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 January 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the December 2015 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 2 OAK TREE CLOSE?

2 OAK TREE CLOSE is 171m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 30% of detached houses in Alvechurch, based on EPC data. The below chart shows the distribution of detached houses by size in Alvechurch, and where 2 OAK TREE CLOSE lies on this distribution: 78% of detached houses are smaller than 2 OAK TREE CLOSE, and 22% of houses are larger. Note that EPC data is not available for all properties in Alvechurch.

2 OAK TREE CLOSE: Plot and Title Map

2 OAK TREE CLOSE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 2 OAK TREE 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 2 OAK TREE 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 2 OAK TREE CLOSE?

2 OAK TREE CLOSE is located in ALVECHURCH, in the B48 postcode district. The below map shows the position of No. 2 on OAK TREE CLOSE.