3, AERO WAY, COFTON HACKETT, BIRMINGHAM, B45 8GT - £525,000

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

3 AERO WAY is a very large detached house of 171m². It was last sold for £525,000 in September 2021, which was around 13% above the average September 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

3 AERO WAY Sold Prices

Land registry data shows two sales for 3 AERO WAY 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 3 AERO WAY sales were 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
2021 22 SEP	£525,000	£463,354	13% above HPI
2015 18 DEC	£452,995	£359,911	26% above HPI

3 AERO WAY 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 3 AERO WAY sales from December 2015 and September 2021 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 2015 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the September 2021 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 3 AERO WAY?

3 AERO WAY is 171m² according to the EPC inspection conducted in March 2016. This puts it in the largest 20% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 3 AERO WAY lies on this distribution: 84% of detached houses are smaller than 3 AERO WAY, and 16% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

3 AERO WAY: Plot and Title Map

3 AERO WAY sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 3 AERO WAY, 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 3 AERO WAY). 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 3 AERO WAY?

3 AERO WAY is located in COFTON HACKETT, in the B45 postcode district. The below map shows the position of No. 3 on AERO WAY.