56, EAST WORKS DRIVE, COFTON HACKETT, BIRMINGHAM, B45 8GS - £456,000

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

56 EAST WORKS DRIVE is a midsized detached house of 123m². It was last sold for £456,000 in December 2022, which was around 11% below the average December 2022 detached price in the Bromsgrove local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

56 EAST WORKS DRIVE Sold Prices

Land registry data shows two sales for 56 EAST WORKS DRIVE 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 56 EAST WORKS 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
2022 2 DEC	£456,000	£509,547	11% below HPI
2015 18 SEP	£315,500	£353,342	11% below HPI

56 EAST WORKS 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 two 56 EAST WORKS DRIVE sales from September 2015 and December 2022 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 September 2015 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2022 sale, which was also at 11% below the HPI.

How Large is 56 EAST WORKS DRIVE?

56 EAST WORKS DRIVE is 123m² according to the EPC inspection conducted in March 2016. This puts it in the largest 50% of detached houses in Birmingham, based on EPC data. The below chart shows the distribution of detached houses by size in Birmingham, and where 56 EAST WORKS DRIVE lies on this distribution: 58% of detached houses are smaller than 56 EAST WORKS DRIVE, and 41% of houses are larger. Note that EPC data is not available for all properties in Birmingham.

56 EAST WORKS DRIVE: Plot and Title Map

56 EAST WORKS DRIVE sits on a plot of roughly 0.075 of an acre, or 302m². The below map shows the location of 56 EAST WORKS 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 56 EAST WORKS 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 56 EAST WORKS DRIVE?

56 EAST WORKS DRIVE is located in COFTON HACKETT, in the B45 postcode district. The below map shows the position of No. 56 on EAST WORKS DRIVE.