8, THE DRIVE, HALESOWEN, B63 4NT - £140,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 THE DRIVE is a very large extended detached house of 162m², built sometime between 1976 and 1982, which could now be worth an estimated £184,676. It was last sold for £140,000 in July 2019, which was around 47% below the average July 2019 detached price in the Dudley local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was C.

8 THE DRIVE Sold Prices

Land registry data shows two sales for 8 THE 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 Dudley local authority area for the corresponding sale date. One of the two 8 THE DRIVE sales was for below the average price, whilst the other was 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
2019 2 JUL	£140,000	£264,161	47% below HPI
2017 28 JUL	£275,000	£238,503	15% above HPI

8 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The two 8 THE DRIVE sales from July 2017 and July 2019 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 2017 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the July 2019 sale, where it falls to 47% below the HPI. The line then continues to track at 47% below the HPI.

What might 8 THE DRIVE be worth now?

8 THE DRIVE might now be worth an estimated £184,676.

This is based on house price inflation of 31.9%, between July 2019 and February 2025, for detached houses, in the Dudley local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.9% inflationary increase is applied to the most recent sale price for 8 THE DRIVE of £140,000 on 2nd July 2019. For the value to have increased from £140,000 to £184,676 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 8 THE DRIVE has moved in line with the HPI for detached houses in the Dudley local authority area.
• The July 2019 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of 8 THE DRIVE has not materially changed since July 2019.

How Large is 8 THE DRIVE?

8 THE DRIVE is 162m², which includes two extensions, according to the EPC inspection conducted in March 2017. This puts it in the largest 10% of detached houses houses in Halesowen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Halesowen, and where 8 THE DRIVE lies on this distribution: 92% of detached houses houses are smaller than 8 THE DRIVE, and 8% of houses are larger. Note that EPC data is not available for all properties in Halesowen.

8 THE DRIVE: Plot and Title Map

8 THE DRIVE sits on a plot of roughly 0.129 of an acre, or 522m². The below map shows the location of 8 THE 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 THE 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 THE DRIVE?

8 THE DRIVE is located in HALESOWEN, in the B63 postcode district. The below map shows the position of No. 8 on THE DRIVE.