4, STEEL CLOSE, BROMSGROVE, B60 3GQ - £215,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 STEEL CLOSE is a very small detached house of 66m², built sometime between 2003 and 2006. It was last sold for £215,000 in May 2022, which was around 57% below the average May 2022 detached price in the Bromsgrove local authority area. The most recent EPC inspection was January 2022, where the current energy rating was C, and the potential energy rating was C.

4 STEEL CLOSE Sold Prices

Land registry data shows three sales for 4 STEEL 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 4 STEEL 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
2022 27 MAY	£215,000	£495,029	57% below HPI
2015 23 JAN	£160,000	£335,835	52% below HPI
2006 28 MAR	£146,995	£300,085	51% below HPI

4 STEEL 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 4 STEEL CLOSE sales between March 2006 and May 2022 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 January 2015 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the May 2022 sale, where it falls to 57% below the HPI. The line then continues to track at 57% below the HPI.

How Large is 4 STEEL CLOSE?

4 STEEL CLOSE is 66m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 10% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 4 STEEL CLOSE lies on this distribution: 2% of detached houses are smaller than 4 STEEL CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

4 STEEL CLOSE: Plot and Title Map

4 STEEL CLOSE sits on a plot of roughly 0.033 of an acre, or 133m². The below map shows the location of 4 STEEL 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 4 STEEL 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 4 STEEL CLOSE?

4 STEEL CLOSE is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 4 on STEEL CLOSE.