MELROSE, BROMSGROVE ROAD, CLENT, STOURBRIDGE, DY9 9RL - £550,000

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.

MELROSE is a midsized extended detached house of 147m², built sometime between 1930 and 1949, which could now be worth an estimated £616,290. It was last sold for £550,000 in December 2020, which was around 19% above the average December 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was April 2017, where the current energy rating was E, and the potential energy rating was D.

MELROSE Sold Prices

Land registry data shows two sales for MELROSE 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 MELROSE 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 8 DEC	£550,000	£460,571	19% above HPI
2005 5 AUG	£385,000	£285,820	35% above HPI

MELROSE 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 MELROSE sales from August 2005 and December 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 August 2005 sale was for 35% above the HPI. So the extrapolation line tracks at 35% above the HPI over time, until the December 2020 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might MELROSE be worth now?

MELROSE might now be worth an estimated £616,290.

This is based on house price inflation of 12.1%, between December 2020 and March 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 12.1% inflationary increase is applied to the most recent sale price for MELROSE of £550,000 on 8th December 2020. For the value to have increased from £550,000 to £616,290 over the five years and nine months to March 2025, the following assumptions must hold true:

• The value of MELROSE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The December 2020 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of MELROSE has not materially changed since December 2020.

How Large is MELROSE?

MELROSE is 147m², which includes one extension, according to the EPC inspection conducted in April 2017. This puts it in the smallest 50% of detached houses houses in Holy Cross, based on EPC data. The below chart shows the distribution of detached houses houses by size in Holy Cross, and where MELROSE lies on this distribution: 46% of detached houses houses are smaller than MELROSE, and 54% of houses are larger. Note that EPC data is not available for all properties in Holy Cross.

MELROSE: Plot and Title Map

MELROSE sits on a plot of roughly 0.246 of an acre, or 995m². The below map shows the location of MELROSE, 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 MELROSE). 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 MELROSE?

MELROSE is located on BROMSGROVE ROAD in CLENT, in the DY9 postcode district. The below map shows the position of MELROSE on BROMSGROVE ROAD.