FOURWAYS, BRAKE LANE, HAGLEY, STOURBRIDGE, DY8 2XW - £970,000

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

FOURWAYS is a very large extended detached house of 280m², built sometime between 1930 and 1949. It was last sold for £970,000 in February 2024, which was around 87% above the average February 2024 detached price in the Bromsgrove local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was D.

FOURWAYS Sold Prices

Land registry data shows three sales for FOURWAYS 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 FOURWAYS 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
2024 8 FEB	£970,000	£517,648	87% above HPI
2008 10 DEC	£700,000	£291,802	140% above HPI
2004 11 JUN	£570,000	£273,824	108% above HPI

FOURWAYS 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 FOURWAYS sales between June 2004 and February 2024 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 December 2008 sale was for 140% above the HPI. So the extrapolation line tracks at 140% above the HPI over time, until the February 2024 sale, where it falls to 87% above the HPI. The line then continues to track at 87% above the HPI.

How Large is FOURWAYS?

FOURWAYS is 280m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses in Hagley, based on EPC data. The below chart shows the distribution of detached houses by size in Hagley, and where FOURWAYS lies on this distribution: 96% of detached houses are smaller than FOURWAYS, and 4% of houses are larger. Note that EPC data is not available for all properties in Hagley.

FOURWAYS: Plot and Title Map

FOURWAYS sits on a plot of roughly 0.121 of an acre, or 492m². The below map shows the location of FOURWAYS, 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 FOURWAYS). 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 FOURWAYS?

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