2, REED MACE DRIVE, BROMSGROVE, B61 0UJ - £375,000

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 REED MACE DRIVE is a midsized extended detached house of 117m², built sometime between 1996 and 2002. It was last sold for £375,000 in August 2020, which was around 14% below the average August 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was June 2019, where the current energy rating was C, and the potential energy rating was B.

2 REED MACE DRIVE Sold Prices

Land registry data shows three sales for 2 REED MACE DRIVE 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. All of the three 2 REED MACE DRIVE 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 7 AUG	£375,000	£434,589	14% below HPI
2006 13 JUL	£271,500	£297,177	9% below HPI
2002 28 MAR	£177,995	£190,385	7% below HPI

2 REED MACE DRIVE 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 REED MACE DRIVE sales between March 2002 and August 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 July 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the August 2020 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 2 REED MACE DRIVE?

2 REED MACE DRIVE is 117m², which includes one extension, according to the EPC inspection conducted in June 2019. 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 2 REED MACE DRIVE lies on this distribution: 47% of detached houses are smaller than 2 REED MACE DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

2 REED MACE DRIVE: Plot and Title Map

2 REED MACE DRIVE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 2 REED MACE 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 2 REED MACE 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.

Where is 2 REED MACE DRIVE?

2 REED MACE DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 2 on REED MACE DRIVE.