3, REED MACE DRIVE, BROMSGROVE, B61 0UJ - £392,000

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 REED MACE DRIVE is a very large detached house of 168m², built sometime between 2003 and 2006, which could now be worth an estimated £522,622. It was last sold for £392,000 in August 2016, which was around 3% above the average August 2016 detached price in the Bromsgrove local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

3 REED MACE DRIVE Sold Prices

Land registry data shows two sales for 3 REED MACE DRIVE 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 REED MACE DRIVE sales was for above 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
2016 26 AUG	£392,000	£380,695	3% above HPI
2002 22 OCT	£212,000	£217,512	3% below HPI

3 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 two 3 REED MACE DRIVE sales from October 2002 and August 2016 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 October 2002 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the August 2016 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might 3 REED MACE DRIVE be worth now?

3 REED MACE DRIVE might now be worth an estimated £522,622.

This is based on house price inflation of 33.3%, between August 2016 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 33.3% inflationary increase is applied to the most recent sale price for 3 REED MACE DRIVE of £392,000 on 26th August 2016. For the value to have increased from £392,000 to £522,622 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 REED MACE DRIVE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The August 2016 sale price of £392,000 represented a fair market value for the property.
• The size, condition, and specification of 3 REED MACE DRIVE has not materially changed since August 2016.

How Large is 3 REED MACE DRIVE?

3 REED MACE DRIVE is 168m² according to the EPC inspection conducted in April 2016. This puts it in the largest 20% 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 REED MACE DRIVE lies on this distribution: 88% of detached houses houses are smaller than 3 REED MACE DRIVE, and 12% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

3 REED MACE DRIVE: Plot and Title Map

3 REED MACE DRIVE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 3 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 3 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 3 REED MACE DRIVE?

3 REED MACE DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 3 on REED MACE DRIVE.