8, REED MACE DRIVE, BROMSGROVE, B61 0UJ - £475,000

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

8 REED MACE DRIVE is a very large detached house of 245m², built sometime between 1991 and 1995. It was last sold for £475,000 in October 2016, which was around 24% above the average October 2016 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

8 REED MACE DRIVE Sold Prices

Land registry data shows two sales for 8 REED MACE 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 8 REED MACE 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
2016 3 OCT	£475,000	£383,776	24% above HPI
2002 27 SEP	£318,500	£214,547	48% above HPI

8 REED MACE 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 8 REED MACE DRIVE sales from September 2002 and October 2016 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 2002 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the October 2016 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 8 REED MACE DRIVE?

8 REED MACE DRIVE is 245m² according to the EPC inspection conducted in October 2016. This puts it in the largest 10% of detached houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses by size in Bromsgrove, and where 8 REED MACE DRIVE lies on this distribution: 98% of detached houses are smaller than 8 REED MACE DRIVE, and 2% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

8 REED MACE DRIVE: Plot and Title Map

8 REED MACE DRIVE sits on a plot of roughly 0.147 of an acre, or 594m². The below map shows the location of 8 REED MACE 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 8 REED MACE 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 8 REED MACE DRIVE?

8 REED MACE DRIVE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 8 on REED MACE DRIVE.