7, TOWER DRIVE, BROMSGROVE, B61 0TZ - £560,000

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

7 TOWER DRIVE is a large extended detached house of 138m², built sometime between 1996 and 2002. It was last sold for £560,000 in September 2022, which was around 9% above the average September 2022 detached price in the Bromsgrove local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

7 TOWER DRIVE Sold Prices

Land registry data shows seven sales for 7 TOWER DRIVE since 1^st January 1995. The below table shows the price paid for the seven sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. Most of the seven 7 TOWER DRIVE 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
2022 30 SEP	£560,000	£514,771	9% above HPI
2020 15 JUL	£430,000	£425,500	1% above HPI
2017 1 DEC	£389,000	£405,689	4% below HPI
2011 27 OCT	£312,500	£304,178	3% above HPI
2007 19 OCT	£312,500	£326,836	4% below HPI
2002 13 FEB	£165,000	£188,749	13% below HPI
2000 25 FEB	£161,995	£154,068	5% above HPI

7 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 seven 7 TOWER DRIVE sales between February 2000 and September 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 July 2020 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2022 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

How Large is 7 TOWER DRIVE?

7 TOWER DRIVE is 138m², which includes two extensions, according to the EPC inspection conducted in May 2022. This puts it in the largest 40% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 7 TOWER DRIVE lies on this distribution: 69% of detached houses are smaller than 7 TOWER DRIVE, and 30% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

7 TOWER DRIVE: Plot and Title Map

7 TOWER DRIVE sits on a plot of roughly 0.070 of an acre, or 283m². The below map shows the location of 7 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 7 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 7 TOWER DRIVE?

7 TOWER DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 7 on TOWER DRIVE.