CHERRYWOOD, BRAKE LANE, HAGLEY, STOURBRIDGE, DY8 2XW - £400,000

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.

CHERRYWOOD is a midsized extended detached house of 149m², built sometime between 1967 and 1975, which could now be worth an estimated £771,426. It was last sold for £400,000 in February 2009, which was around 47% above the average February 2009 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2008, where the current energy rating was E, and the potential energy rating was C.

CHERRYWOOD Sold Prices

Land registry data shows two sales for CHERRYWOOD 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 CHERRYWOOD sales were 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
2009 27 FEB	£400,000	£271,313	47% above HPI
1997 30 JUL	£175,000	£120,732	45% above HPI

CHERRYWOOD 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 CHERRYWOOD sales from July 1997 and February 2009 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 1997 sale was for 45% above the HPI. So the extrapolation line tracks at 45% above the HPI over time, until the February 2009 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might CHERRYWOOD be worth now?

CHERRYWOOD might now be worth an estimated £771,426.

This is based on house price inflation of 92.9%, between February 2009 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 92.9% inflationary increase is applied to the most recent sale price for CHERRYWOOD of £400,000 on 27th February 2009. For the value to have increased from £400,000 to £771,426 over the sixteen years to February 2025, the following assumptions must hold true:

• The value of CHERRYWOOD has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The February 2009 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRYWOOD has not materially changed since February 2009.

How Large is CHERRYWOOD?

CHERRYWOOD is 149m², which includes one extension, according to the EPC inspection conducted in October 2008. This puts it in the smallest 50% of detached houses houses in Hagley, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hagley, and where CHERRYWOOD lies on this distribution: 47% of detached houses houses are smaller than CHERRYWOOD, and 53% of houses are larger. Note that EPC data is not available for all properties in Hagley.

CHERRYWOOD: Plot and Title Map

CHERRYWOOD sits on a plot of roughly 0.228 of an acre, or 921m². The below map shows the location of CHERRYWOOD, 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 CHERRYWOOD). 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 CHERRYWOOD?

CHERRYWOOD is located on BRAKE LANE in HAGLEY, in the DY8 postcode district. The below map shows the position of CHERRYWOOD on BRAKE LANE.