8, TOWER DRIVE, BROMSGROVE, B61 0TZ - £455,000

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

8 TOWER DRIVE is a large extended detached house of 134m², built sometime between 1996 and 2002. It was last sold for £455,000 in July 2020, which was around 7% above the average July 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was C.

8 TOWER DRIVE Sold Prices

Land registry data shows three sales for 8 TOWER DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. The three 8 TOWER DRIVE sales were a mix of above the average price, and roughly equal to 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
2020 31 JUL	£455,000	£425,500	7% above HPI
2003 29 AUG	£250,000	£250,783	Close to HPI
1999 23 DEC	£172,500	£149,774	15% above HPI

8 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 three 8 TOWER DRIVE sales between December 1999 and July 2020 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 August 2003 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2020 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

How Large is 8 TOWER DRIVE?

8 TOWER DRIVE is 134m², which includes three extensions, according to the EPC inspection conducted in May 2020. 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 8 TOWER DRIVE lies on this distribution: 67% of detached houses are smaller than 8 TOWER DRIVE, and 33% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

8 TOWER DRIVE: Plot and Title Map

8 TOWER DRIVE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 8 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 8 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 8 TOWER DRIVE?

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