9, PAGET CLOSE, BROMSGROVE, B61 7JE - £312,500

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.

9 PAGET CLOSE is a very small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £392,888. It was last sold for £312,500 in May 2018, which was around 25% below the average May 2018 detached price in the Bromsgrove local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was B.

9 PAGET CLOSE Sold Prices

Land registry data shows two sales for 9 PAGET CLOSE 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 9 PAGET CLOSE 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
2018 2 MAY	£312,500	£416,185	25% below HPI
2017 30 AUG	£240,000	£410,416	42% below HPI

9 PAGET CLOSE 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 9 PAGET CLOSE sales from August 2017 and May 2018 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 2017 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the May 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 9 PAGET CLOSE be worth now?

9 PAGET CLOSE might now be worth an estimated £392,888.

This is based on house price inflation of 25.7%, between May 2018 and February 2025, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.7% inflationary increase is applied to the most recent sale price for 9 PAGET CLOSE of £312,500 on 2nd May 2018. For the value to have increased from £312,500 to £392,888 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 9 PAGET CLOSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The May 2018 sale price of £312,500 represented a fair market value for the property.
• The size, condition, and specification of 9 PAGET CLOSE has not materially changed since May 2018.

How Large is 9 PAGET CLOSE?

9 PAGET CLOSE is 84m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 20% of detached houses houses in Bromsgrove, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bromsgrove, and where 9 PAGET CLOSE lies on this distribution: 10% of detached houses houses are smaller than 9 PAGET CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Bromsgrove.

9 PAGET CLOSE: Plot and Title Map

9 PAGET CLOSE sits on a plot of roughly 0.111 of an acre, or 449m². The below map shows the location of 9 PAGET CLOSE, 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 9 PAGET CLOSE). 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 9 PAGET CLOSE?

9 PAGET CLOSE is located in BROMSGROVE, in the B61 postcode district. The below map shows the position of No. 9 on PAGET CLOSE.