FAIRVIEW, REDDITCH ROAD, HOPWOOD, BIRMINGHAM, B48 7TL - £470,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

FAIRVIEW is a midsized extended detached house of 143m², built sometime between 1930 and 1949. It was last sold for £470,000 in August 2020, which was around 8% above the average August 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

FAIRVIEW Sold Prices

Land registry data shows two sales for FAIRVIEW 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 FAIRVIEW 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
2020 19 AUG	£470,000	£434,589	8% above HPI
2001 10 APR	£185,000	£166,195	11% above HPI

FAIRVIEW 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 FAIRVIEW sales from April 2001 and August 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 April 2001 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the August 2020 sale, where it falls to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is FAIRVIEW?

FAIRVIEW is 143m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 50% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where FAIRVIEW lies on this distribution: 47% of detached houses are smaller than FAIRVIEW, and 50% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.885 of an acre, or 3,583m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

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