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

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 STEEL CLOSE is a very small detached house of 66m², built sometime between 2003 and 2006, which could now be worth an estimated £225,703. 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	£498,432	57% below HPI
2015 23 JAN	£160,000	£338,143	53% below HPI
2006 28 MAR	£146,995	£302,147	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 53% below the HPI. So the extrapolation line tracks at 53% 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.

What might 4 STEEL CLOSE be worth now?

4 STEEL CLOSE might now be worth an estimated £225,703.

This is based on house price inflation of 5%, between May 2022 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 5% inflationary increase is applied to the most recent sale price for 4 STEEL CLOSE of £215,000 on 27th May 2022. For the value to have increased from £215,000 to £225,703 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 4 STEEL CLOSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The May 2022 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 4 STEEL CLOSE has not materially changed since May 2022.

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 houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromsgrove, and where 4 STEEL CLOSE lies on this distribution: 2% of detached houses 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.