4, NORTON WAY, BROMSGROVE, B61 0FD - £415,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

4 NORTON WAY is a small detached house of 108m², which could now be worth an estimated £481,690. It was last sold for £415,000 in February 2021, which was around 8% below the average February 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was July 2019, where the current energy rating was B, and the potential energy rating was A.

4 NORTON WAY Sold Prices

Land registry data shows two sales for 4 NORTON 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. One of the two 4 NORTON WAY sales was for below the average price, whilst the other was roughly equal to 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 17 FEB	£415,000	£450,802	8% below HPI
2017 23 JUN	£399,950	£399,359	Close to HPI

4 NORTON 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 4 NORTON WAY sales from June 2017 and February 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 June 2017 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2021 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 4 NORTON WAY be worth now?

4 NORTON WAY might now be worth an estimated £481,690.

This is based on house price inflation of 16.1%, between February 2021 and February 2025, 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 16.1% inflationary increase is applied to the most recent sale price for 4 NORTON WAY of £415,000 on 17th February 2021. For the value to have increased from £415,000 to £481,690 over the four years to February 2025, the following assumptions must hold true:

• The value of 4 NORTON WAY has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The February 2021 sale price of £415,000 represented a fair market value for the property.
• The size, condition, and specification of 4 NORTON WAY has not materially changed since February 2021.

How Large is 4 NORTON WAY?

4 NORTON WAY is 108m² according to the EPC inspection conducted in July 2019. 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 4 NORTON WAY lies on this distribution: 34% of detached houses houses are smaller than 4 NORTON WAY, and 65% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

4 NORTON WAY: Plot and Title Map

4 NORTON WAY sits on a plot of roughly 0.096 of an acre, or 387m². The below map shows the location of 4 NORTON 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 4 NORTON 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 4 NORTON WAY?

4 NORTON WAY is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 4 on NORTON WAY.