42, NEW ROAD, BROMSGROVE, B60 2JS - £355,000

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

42 NEW ROAD is a very small detached house of 83m², built sometime between 1991 and 1995. It was last sold for £355,000 in December 2022, which was around 30% below the average December 2022 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.

42 NEW ROAD Sold Prices

Land registry data shows two sales for 42 NEW ROAD 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 42 NEW ROAD 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 16 DEC	£355,000	£509,547	30% below HPI
2021 12 MAR	£295,000	£440,230	33% below HPI

42 NEW ROAD 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 42 NEW ROAD sales from March 2021 and December 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 March 2021 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the December 2022 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 42 NEW ROAD?

42 NEW ROAD is 83m² according to the EPC inspection conducted in July 2020. 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 42 NEW ROAD lies on this distribution: 9% of detached houses are smaller than 42 NEW ROAD, and 90% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

42 NEW ROAD: Plot and Title Map

42 NEW ROAD sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 42 NEW ROAD, 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 42 NEW ROAD). 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 42 NEW ROAD?

42 NEW ROAD is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 42 on NEW ROAD.