5, TOWER DRIVE, BROMSGROVE, B61 0TZ - £420,000

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

5 TOWER DRIVE is a midsized extended detached house of 117m², built sometime between 1996 and 2002. It was last sold for £420,000 in August 2023, which was around 19% below the average August 2023 detached price in the Bromsgrove local authority area. The most recent EPC inspection was January 2023, where the current energy rating was D, and the potential energy rating was C.

5 TOWER DRIVE Sold Prices

Land registry data shows three sales for 5 TOWER DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. All of the three 5 TOWER DRIVE 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 25 AUG	£420,000	£517,186	19% below HPI
2010 15 JAN	£230,000	£297,962	23% below HPI
1999 22 DEC	£148,500	£149,774	1% below HPI

5 TOWER DRIVE 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 three 5 TOWER DRIVE sales between December 1999 and August 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 January 2010 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the August 2023 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 5 TOWER DRIVE?

5 TOWER DRIVE is 117m², which includes two extensions, according to the EPC inspection conducted in January 2023. This puts it in the smallest 50% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 5 TOWER DRIVE lies on this distribution: 47% of detached houses are smaller than 5 TOWER DRIVE, and 52% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

5 TOWER DRIVE: Plot and Title Map

5 TOWER DRIVE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 5 TOWER DRIVE, 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 TOWER DRIVE). 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 TOWER DRIVE?

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