3, PARK ROAD, HAGLEY, STOURBRIDGE, DY9 0NS - £455,000

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 PARK ROAD is a very small extended detached house of 107m², built sometime between 1950 and 1966. It was last sold for £455,000 in June 2021, which was about the average June 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

3 PARK ROAD Sold Prices

Land registry data shows two sales for 3 PARK ROAD 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. One of the two 3 PARK ROAD sales was roughly equal to the average price, whilst the other 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
2021 23 JUN	£455,000	£455,916	Close to HPI
2016 2 FEB	£325,000	£361,755	10% below HPI

3 PARK ROAD 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 PARK ROAD sales from February 2016 and June 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 February 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2021 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 3 PARK ROAD?

3 PARK ROAD is 107m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses in Hagley, based on EPC data. The below chart shows the distribution of detached houses by size in Hagley, and where 3 PARK ROAD lies on this distribution: 16% of detached houses are smaller than 3 PARK ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Hagley.

3 PARK ROAD: Plot and Title Map

3 PARK ROAD sits on a plot of roughly 0.195 of an acre, or 787m². The below map shows the location of 3 PARK ROAD, 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 PARK ROAD). 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 PARK ROAD?

3 PARK ROAD is located in HAGLEY, in the DY9 postcode district. The below map shows the position of No. 3 on PARK ROAD.