7, FAIROAK DRIVE, BROMSGROVE, B60 3PN - £332,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 FAIROAK DRIVE is a large detached house of 130m², built sometime between 1991 and 1995, which could now be worth an estimated £367,776. It was last sold for £332,000 in July 2021, which was around 28% below the average July 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

7 FAIROAK DRIVE Sold Prices

Land registry data shows two sales for 7 FAIROAK 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 7 FAIROAK 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
2021 30 JUL	£332,000	£458,177	28% below HPI
2011 30 SEP	£228,000	£301,180	24% below HPI

7 FAIROAK 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 7 FAIROAK DRIVE sales from September 2011 and July 2021 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 2011 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the July 2021 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 7 FAIROAK DRIVE be worth now?

7 FAIROAK DRIVE might now be worth an estimated £367,776.

This is based on house price inflation of 10.8%, between July 2021 and December 2024, 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 10.8% inflationary increase is applied to the most recent sale price for 7 FAIROAK DRIVE of £332,000 on 30th July 2021. For the value to have increased from £332,000 to £367,776 over the two years and seven months to December 2024, the following assumptions must hold true:

• The value of 7 FAIROAK DRIVE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The July 2021 sale price of £332,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FAIROAK DRIVE has not materially changed since July 2021.

How Large is 7 FAIROAK DRIVE?

7 FAIROAK DRIVE is 130m² according to the EPC inspection conducted in July 2011. This puts it in the largest 40% 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 7 FAIROAK DRIVE lies on this distribution: 63% of detached houses houses are smaller than 7 FAIROAK DRIVE, and 36% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

7 FAIROAK DRIVE: Plot and Title Map

7 FAIROAK DRIVE sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 7 FAIROAK 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 7 FAIROAK 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 7 FAIROAK DRIVE?

7 FAIROAK DRIVE is located in BROMSGROVE, in the B60 postcode district. The below map shows the position of No. 7 on FAIROAK DRIVE.