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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 OAK TREE CLOSE is a large extended detached house of 171m², built sometime between 1991 and 1995, which could now be worth an estimated £553,232. It was last sold for £395,000 in December 2015, which was around 9% 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. Two of the three 2 OAK TREE CLOSE sales were for above the average price, whilst one was 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
2015 10 DEC	£395,000	£362,384	9% above HPI
2004 9 JAN	£258,500	£260,031	1% below HPI
1999 10 DEC	£152,500	£150,803	1% 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 was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2015 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might 2 OAK TREE CLOSE be worth now?

2 OAK TREE CLOSE might now be worth an estimated £553,232.

This is based on house price inflation of 40.1%, between December 2015 and December 2024, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.1% inflationary increase is applied to the most recent sale price for 2 OAK TREE CLOSE of £395,000 on 10th December 2015. For the value to have increased from £395,000 to £553,232 over the nine years to December 2024, the following assumptions must hold true:

• The value of 2 OAK TREE CLOSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The December 2015 sale price of £395,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OAK TREE CLOSE has not materially changed since December 2015.

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 houses in Alvechurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alvechurch, and where 2 OAK TREE CLOSE lies on this distribution: 78% of detached houses 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.