GREY COTTAGE, REDDITCH ROAD, HOPWOOD, BIRMINGHAM, B48 7TL - £765,000

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

GREY COTTAGE is a very large extended detached house of 219m², built sometime between 2003 and 2006. It was last sold for £765,000 in May 2021, which was around 73% above the average May 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

GREY COTTAGE Sold Prices

Land registry data shows three sales for GREY COTTAGE 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 GREY COTTAGE 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
2021 24 MAY	£765,000	£443,051	73% above HPI
2013 8 MAY	£525,000	£308,016	70% above HPI
2004 27 FEB	£625,000	£262,523	138% above HPI

GREY COTTAGE 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 GREY COTTAGE sales between February 2004 and May 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 May 2013 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the May 2021 sale, where it rises to 73% above the HPI. The line then continues to track at 73% above the HPI.

How Large is GREY COTTAGE?

GREY COTTAGE is 219m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where GREY COTTAGE lies on this distribution: 81% of detached houses are smaller than GREY COTTAGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

GREY COTTAGE: Plot and Title Map

GREY COTTAGE sits on a plot of roughly 1.8 acres, or 7,286m². The below map shows the location of GREY COTTAGE, 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 GREY COTTAGE). 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 GREY COTTAGE?

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