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

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 THE DRIVE is a very large extended detached house of 162m², built sometime between 1976 and 1982. It was last sold for £140,000 in July 2019, which was around 48% 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	£270,694	48% below HPI
2017 28 JUL	£275,000	£244,401	13% 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 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the July 2019 sale, where it falls to 48% below the HPI. The line then continues to track at 48% below the HPI.

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 in Halesowen, based on EPC data. The below chart shows the distribution of detached houses by size in Halesowen, and where 8 THE DRIVE lies on this distribution: 92% of detached 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.