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

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

CHERRYWOOD is a midsized extended detached house of 149m², built sometime between 1967 and 1975. It was last sold for £400,000 in February 2009, which was around 48% 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	£269,460	48% above HPI
1997 30 JUL	£175,000	£119,908	46% 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 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the February 2009 sale, where it rises to 48% above the HPI. The line then continues to track at 48% above the HPI.

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 in Hagley, based on EPC data. The below chart shows the distribution of detached houses by size in Hagley, and where CHERRYWOOD lies on this distribution: 47% of detached 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 0.227 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.