41, BRACES LANE, MARLBROOK, BROMSGROVE, B60 1ED - £400,000

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

41 BRACES LANE is a small detached house of 108m², built sometime between 1950 and 1966. It was last sold for £400,000 in June 2021, which was around 12% below the average June 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

41 BRACES LANE Sold Prices

Land registry data shows two sales for 41 BRACES LANE 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. Both of the two 41 BRACES LANE 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
2021 30 JUN	£400,000	£455,916	12% below HPI
2021 8 FEB	£255,000	£447,725	43% below HPI

41 BRACES LANE 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 41 BRACES LANE sales from February 2021 and June 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 February 2021 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the June 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

How Large is 41 BRACES LANE?

41 BRACES LANE is 108m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 40% of detached houses in Lower Marlbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Marlbrook, and where 41 BRACES LANE lies on this distribution: 39% of detached houses are smaller than 41 BRACES LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Lower Marlbrook.

41 BRACES LANE: Plot and Title Map

41 BRACES LANE sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of 41 BRACES LANE, 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 41 BRACES LANE). 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 41 BRACES LANE?

41 BRACES LANE is located in MARLBROOK, in the B60 postcode district. The below map shows the position of No. 41 on BRACES LANE.