4, THE DRIVE, HOPWOOD, BIRMINGHAM, B48 7AH - £456,000

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

4 THE DRIVE is a midsized detached house of 132m², built sometime between 1930 and 1949. It was last sold for £456,000 in December 2016, which was around 21% above the average December 2016 detached price in the Bromsgrove local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was C.

4 THE DRIVE Sold Prices

Land registry data shows two sales for 4 THE 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 4 THE 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 16 DEC	£456,000	£378,230	21% above HPI
2002 17 DEC	£115,000	£217,812	47% below HPI

4 THE 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 4 THE DRIVE sales from December 2002 and December 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 December 2002 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the December 2016 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is 4 THE DRIVE?

4 THE DRIVE is 132m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 50% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where 4 THE DRIVE lies on this distribution: 41% of detached houses are smaller than 4 THE DRIVE, and 59% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

4 THE DRIVE: Plot and Title Map

4 THE DRIVE sits on a plot of roughly 0.397 of an acre, or 1,607m². The below map shows the location of 4 THE 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 4 THE 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 4 THE DRIVE?

4 THE DRIVE is located in HOPWOOD, in the B48 postcode district. The below map shows the position of No. 4 on THE DRIVE.