BANFF, REDDITCH ROAD, HOPWOOD, BIRMINGHAM, B48 7TR - £448,000

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.

BANFF is a midsized detached house of 151m², built sometime between 2003 and 2006, which could now be worth an estimated £510,650. It was last sold for £448,000 in June 2021, which was around 2% below the average June 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

BANFF Sold Prices

Land registry data shows three sales for BANFF 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. All of the three BANFF 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
2021 30 JUN	£448,000	£459,050	2% below HPI
2003 7 OCT	£95,000	£257,097	63% below HPI
1997 21 NOV	£10,000	£127,213	92% below HPI

BANFF 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 BANFF sales between November 1997 and June 2021 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 2003 sale was for 63% below the HPI. So the extrapolation line tracks at 63% below the HPI over time, until the June 2021 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might BANFF be worth now?

BANFF might now be worth an estimated £510,650.

This is based on house price inflation of 14%, between June 2021 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 14% inflationary increase is applied to the most recent sale price for BANFF of £448,000 on 30th June 2021. For the value to have increased from £448,000 to £510,650 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of BANFF has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The June 2021 sale price of £448,000 represented a fair market value for the property.
• The size, condition, and specification of BANFF has not materially changed since June 2021.

How Large is BANFF?

BANFF is 151m² according to the EPC inspection conducted in October 2011. This puts it in the largest 50% of detached houses houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hopwood, and where BANFF lies on this distribution: 53% of detached houses houses are smaller than BANFF, and 47% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

BANFF: Plot and Title Map

BANFF sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of BANFF, 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 BANFF). 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 BANFF?

BANFF is located on REDDITCH ROAD in HOPWOOD, in the B48 postcode district. The below map shows the position of BANFF on REDDITCH ROAD.