3, MILL CLOSE, BROMSGROVE, B60 3PF - £198,000

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

3 MILL CLOSE is a small extended detached house of 108m², built sometime between 1983 and 1990, which could now be worth an estimated £314,670. It was last sold for £198,000 in February 2014, which was around 38% below the average February 2014 detached price in the Bromsgrove local authority area. The most recent EPC inspection was November 2015, where the current energy rating was E, and the potential energy rating was B.

3 MILL CLOSE Sold Prices

Land registry data shows three sales for 3 MILL 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. All of the three 3 MILL CLOSE 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
2014 12 FEB	£198,000	£319,366	38% below HPI
2007 27 APR	£204,000	£308,167	34% below HPI
1995 30 JUN	£68,000	£107,567	37% below HPI

3 MILL 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 3 MILL CLOSE sales between June 1995 and February 2014 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 April 2007 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the February 2014 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 3 MILL CLOSE be worth now?

3 MILL CLOSE might now be worth an estimated £314,670.

This is based on house price inflation of 58.9%, between February 2014 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 58.9% inflationary increase is applied to the most recent sale price for 3 MILL CLOSE of £198,000 on 12th February 2014. For the value to have increased from £198,000 to £314,670 over the nine years and two months to December 2024, the following assumptions must hold true:

• The value of 3 MILL CLOSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The February 2014 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of 3 MILL CLOSE has not materially changed since February 2014.

How Large is 3 MILL CLOSE?

3 MILL CLOSE is 108m², which includes one extension, according to the EPC inspection conducted in November 2015. This puts it in the smallest 40% of detached houses houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromsgrove, and where 3 MILL CLOSE lies on this distribution: 34% of detached houses houses are smaller than 3 MILL CLOSE, and 65% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

3 MILL CLOSE: Plot and Title Map

3 MILL CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 3 MILL 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 3 MILL 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 3 MILL CLOSE?

3 MILL CLOSE is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 3 on MILL CLOSE.