48, FAIRFIELD ROAD, BOURNHEATH, BROMSGROVE, B61 9JJ - £430,000

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

48 FAIRFIELD ROAD is a small extended detached house of 110m², built sometime between 1996 and 2002. It was last sold for £430,000 in September 2023, which was around 16% below the average September 2023 detached price in the Bromsgrove local authority area. The most recent EPC inspection was July 2022, where the current energy rating was C, and the potential energy rating was B.

48 FAIRFIELD ROAD Sold Prices

Land registry data shows six sales for 48 FAIRFIELD ROAD since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. Most of the six 48 FAIRFIELD 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
2023 8 SEP	£430,000	£512,678	16% below HPI
2022 15 JUL	£430,000	£503,299	15% below HPI
2015 10 APR	£318,000	£334,195	5% below HPI
2005 11 OCT	£317,000	£288,809	10% above HPI
2002 12 DEC	£275,000	£217,812	26% above HPI
1998 17 APR	£70,000	£129,332	46% below HPI

48 FAIRFIELD 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 six 48 FAIRFIELD ROAD sales between April 1998 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 July 2022 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2023 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 48 FAIRFIELD ROAD?

48 FAIRFIELD ROAD is 110m², which includes one extension, according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% of detached houses in Bournheath, based on EPC data. The below chart shows the distribution of detached houses by size in Bournheath, and where 48 FAIRFIELD ROAD lies on this distribution: 37% of detached houses are smaller than 48 FAIRFIELD ROAD, and 63% of houses are larger. Note that EPC data is not available for all properties in Bournheath.

48 FAIRFIELD ROAD: Plot and Title Map

48 FAIRFIELD ROAD sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 48 FAIRFIELD 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 48 FAIRFIELD 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 48 FAIRFIELD ROAD?

48 FAIRFIELD ROAD is located in BOURNHEATH, in the B61 postcode district. The below map shows the position of No. 48 on FAIRFIELD ROAD.