518, GROVELEY LANE, COFTON HACKETT, BIRMINGHAM, B45 8UB - £577,500

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

518 GROVELEY LANE is a very large extended detached house of 190m², built sometime between 1950 and 1966. It was last sold for £577,500 in May 2018, which was around 40% above the average May 2018 detached price in the Bromsgrove local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

518 GROVELEY LANE Sold Prices

Land registry data shows two sales for 518 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. Both of the two 518 GROVELEY LANE sales were for above 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 21 MAY	£577,500	£413,343	40% above HPI
2015 5 JUN	£340,000	£337,271	1% above HPI

518 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 518 GROVELEY LANE sales from June 2015 and May 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 June 2015 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the May 2018 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 518 GROVELEY LANE?

518 GROVELEY LANE is 190m², which includes two extensions, according to the EPC inspection conducted in May 2012. This puts it in the largest 20% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 518 GROVELEY LANE lies on this distribution: 88% of detached houses are smaller than 518 GROVELEY LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

518 GROVELEY LANE: Plot and Title Map

518 GROVELEY LANE sits on a plot of roughly 0.169 of an acre, or 685m². The below map shows the location of 518 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 518 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 518 GROVELEY LANE?

518 GROVELEY LANE is located in COFTON HACKETT, in the B45 postcode district. The below map shows the position of No. 518 on GROVELEY LANE.