GREENBANK, TIBBETS CLOSE, ALCESTER, B49 5QU - £500,000

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.

GREENBANK is a large detached house of 137m², built sometime between 1950 and 1966, which could now be worth an estimated £592,436. It was last sold for £500,000 in March 2021, which was around 2% below the average March 2021 detached price in the Stratford-on-Avon local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was D.

GREENBANK Sold Prices

Land registry data shows two sales for GREENBANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Stratford-on-Avon local authority area for the corresponding sale date. One of the two GREENBANK sales was for below the average price, whilst the other was roughly equal to 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 5 MAR	£500,000	£509,386	2% below HPI
2002 9 AUG	£249,950	£250,185	Close to HPI

GREENBANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stratford-on-Avon local authority area over time, sourced from the HPI. The two GREENBANK sales from August 2002 and March 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 August 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2021 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might GREENBANK be worth now?

GREENBANK might now be worth an estimated £592,436.

This is based on house price inflation of 18.5%, between March 2021 and February 2025, for detached houses, in the Stratford-on-Avon local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.5% inflationary increase is applied to the most recent sale price for GREENBANK of £500,000 on 5th March 2021. For the value to have increased from £500,000 to £592,436 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of GREENBANK has moved in line with the HPI for detached houses in the Stratford-on-Avon local authority area.
• The March 2021 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of GREENBANK has not materially changed since March 2021.

How Large is GREENBANK?

GREENBANK is 137m² according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses houses in Alcester, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alcester, and where GREENBANK lies on this distribution: 67% of detached houses houses are smaller than GREENBANK, and 32% of houses are larger. Note that EPC data is not available for all properties in Alcester.

GREENBANK: Plot and Title Map

GREENBANK sits on a plot of roughly 0.246 of an acre, or 997m². The below map shows the location of GREENBANK, 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 GREENBANK). 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 GREENBANK?

GREENBANK is located on TIBBETS CLOSE in ALCESTER, in the B49 postcode district. The below map shows the position of GREENBANK on TIBBETS CLOSE.