476, GROVELEY LANE, COFTON HACKETT, BIRMINGHAM, B45 8UG - £495,000

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

476 GROVELEY LANE is a large detached house of 128m², built sometime between 1930 and 1949. It was last sold for £495,000 in September 2023, which was around 4% below the average September 2023 detached price in the Bromsgrove local authority area. The most recent EPC inspection was June 2023, where the current energy rating was D, and the potential energy rating was C.

476 GROVELEY LANE Sold Prices

Land registry data shows two sales for 476 GROVELEY 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. One of the two 476 GROVELEY LANE sales was for below the average price, whilst the other was roughly equal to 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
2023 8 SEP	£495,000	£514,482	4% below HPI
2015 19 JUN	£337,500	£337,271	Close to HPI

476 GROVELEY 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 476 GROVELEY LANE sales from June 2015 and September 2023 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 June 2015 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2023 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 476 GROVELEY LANE?

476 GROVELEY LANE is 128m² according to the EPC inspection conducted in June 2023. This puts it in the largest 40% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 476 GROVELEY LANE lies on this distribution: 63% of detached houses are smaller than 476 GROVELEY LANE, and 37% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

476 GROVELEY LANE: Plot and Title Map

476 GROVELEY LANE sits on a plot of roughly 0.115 of an acre, or 464m². The below map shows the location of 476 GROVELEY 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 476 GROVELEY 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 476 GROVELEY LANE?

476 GROVELEY LANE is located in COFTON HACKETT, in the B45 postcode district. The below map shows the position of No. 476 on GROVELEY LANE.