HEATHERCROFT, SCHOOL LANE, ALVECHURCH, BIRMINGHAM, B48 7SB - £1,200,000

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.

HEATHERCROFT is a very large extended detached house of 346m², built sometime between 1967 and 1975, which could now be worth an estimated £1,264,460. It was last sold for £1,200,000 in May 2023, which was around 142% above the average May 2023 detached price in the Bromsgrove local authority area. The most recent EPC inspection was August 2020, where the current energy rating was C, and the potential energy rating was C.

HEATHERCROFT Sold Prices

Land registry data shows three sales for HEATHERCROFT 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 HEATHERCROFT 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
2023 31 MAY	£1,200,000	£496,571	142% above HPI
2021 2 JUN	£960,000	£459,050	109% above HPI
2003 5 MAR	£305,000	£230,495	32% above HPI

HEATHERCROFT 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 HEATHERCROFT sales between March 2003 and May 2023 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 June 2021 sale was for 109% above the HPI. So the extrapolation line tracks at 109% above the HPI over time, until the May 2023 sale, where it rises to 142% above the HPI. The line then continues to track at 142% above the HPI.

What might HEATHERCROFT be worth now?

HEATHERCROFT might now be worth an estimated £1,264,460.

This is based on house price inflation of 5.4%, between May 2023 and February 2025, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.4% inflationary increase is applied to the most recent sale price for HEATHERCROFT of £1,200,000 on 31st May 2023. For the value to have increased from £1,200,000 to £1,264,460 over the two years and three months to February 2025, the following assumptions must hold true:

• The value of HEATHERCROFT has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The May 2023 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of HEATHERCROFT has not materially changed since May 2023.

How Large is HEATHERCROFT?

HEATHERCROFT is 346m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 10% of detached houses houses in Alvechurch, based on EPC data. The below chart shows the distribution of detached houses houses by size in Alvechurch, and where HEATHERCROFT lies on this distribution: 97% of detached houses houses are smaller than HEATHERCROFT, and 3% of houses are larger. Note that EPC data is not available for all properties in Alvechurch.

HEATHERCROFT: Plot and Title Map

HEATHERCROFT sits on a plot of roughly 0.447 of an acre, or 1,808m². The below map shows the location of HEATHERCROFT, 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 HEATHERCROFT). 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 HEATHERCROFT?

HEATHERCROFT is located on SCHOOL LANE in ALVECHURCH, in the B48 postcode district. The below map shows the position of HEATHERCROFT on SCHOOL LANE.