8, THE RISE, HOPWOOD, BIRMINGHAM, B48 7AP - £285,000

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 RISE is a small extended detached house of 131m², built sometime between 1930 and 1949. It was last sold for £285,000 in March 2013, which was around 6% below the average March 2013 detached price in the Bromsgrove local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was D.

8 THE RISE Sold Prices

Land registry data shows two sales for 8 THE RISE 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 THE RISE 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
2013 15 MAR	£285,000	£303,873	6% below HPI
2010 13 OCT	£220,000	£306,749	28% below HPI

8 THE RISE 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 THE RISE sales from October 2010 and March 2013 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 October 2010 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the March 2013 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is 8 THE RISE?

8 THE RISE is 131m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 40% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where 8 THE RISE lies on this distribution: 38% of detached houses are smaller than 8 THE RISE, and 63% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

8 THE RISE: Plot and Title Map

8 THE RISE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 8 THE RISE, 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 RISE). 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 RISE?

8 THE RISE is located in HOPWOOD, in the B48 postcode district. The below map shows the position of No. 8 on THE RISE.