5, MELBOURNE CLOSE, BROMSGROVE, B61 8NP - £199,950

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 MELBOURNE CLOSE is a very small detached house of 48m², built sometime between 1983 and 1990, which could now be worth an estimated £242,264. It was last sold for £199,950 in August 2018, which was around 54% below the average August 2018 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

5 MELBOURNE CLOSE Sold Prices

Land registry data shows two sales for 5 MELBOURNE CLOSE 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 5 MELBOURNE CLOSE 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
2018 8 AUG	£199,950	£431,854	54% below HPI
2010 22 JAN	£148,000	£300,010	51% below HPI

5 MELBOURNE CLOSE 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 5 MELBOURNE CLOSE sales from January 2010 and August 2018 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 January 2010 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the August 2018 sale, where it falls to 54% below the HPI. The line then continues to track at 54% below the HPI.

What might 5 MELBOURNE CLOSE be worth now?

5 MELBOURNE CLOSE might now be worth an estimated £242,264.

This is based on house price inflation of 21.2%, between August 2018 and February 2025, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 21.2% inflationary increase is applied to the most recent sale price for 5 MELBOURNE CLOSE of £199,950 on 8th August 2018. For the value to have increased from £199,950 to £242,264 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of 5 MELBOURNE CLOSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The August 2018 sale price of £199,950 represented a fair market value for the property.
• The size, condition, and specification of 5 MELBOURNE CLOSE has not materially changed since August 2018.

How Large is 5 MELBOURNE CLOSE?

5 MELBOURNE CLOSE is 48m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromsgrove, and where 5 MELBOURNE CLOSE lies on this distribution: 1% of detached houses houses are smaller than 5 MELBOURNE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

5 MELBOURNE CLOSE: Plot and Title Map

5 MELBOURNE CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 5 MELBOURNE CLOSE, 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 5 MELBOURNE CLOSE). 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 5 MELBOURNE CLOSE?

5 MELBOURNE CLOSE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 5 on MELBOURNE CLOSE.