PINE TREES, RACECOURSE LANE, STOURBRIDGE, DY8 2RF - £1,000,000

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

PINE TREES is a very large extended detached house of 248m², built sometime between 1996 and 2002. It was last sold for £1,000,000 in August 2019, which was around 266% above the average August 2019 detached price in the Dudley local authority area. The most recent EPC inspection was September 2018, where the current energy rating was C, and the potential energy rating was C.

PINE TREES Sold Prices

Land registry data shows two sales for PINE TREES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Dudley local authority area for the corresponding sale date. Both of the two PINE TREES 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
2019 2 AUG	£1,000,000	£273,337	266% above HPI
1999 29 JAN	£380,000	£87,350	335% above HPI

PINE TREES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dudley local authority area over time, sourced from the HPI. The two PINE TREES sales from January 1999 and August 2019 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 January 1999 sale was for 335% above the HPI. So the extrapolation line tracks at 335% above the HPI over time, until the August 2019 sale, where it falls to 266% above the HPI. The line then continues to track at 266% above the HPI.

How Large is PINE TREES?

PINE TREES is 248m², which includes one extension, according to the EPC inspection conducted in September 2018. This puts it in the largest 10% of detached houses in Stourbridge, based on EPC data. The below chart shows the distribution of detached houses by size in Stourbridge, and where PINE TREES lies on this distribution: 96% of detached houses are smaller than PINE TREES, and 4% of houses are larger. Note that EPC data is not available for all properties in Stourbridge.

PINE TREES: Plot and Title Map

PINE TREES sits on a plot of roughly 0.414 of an acre, or 1,674m². The below map shows the location of PINE TREES, 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 PINE TREES). 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 PINE TREES?

PINE TREES is located on RACECOURSE LANE in STOURBRIDGE, in the DY8 postcode district. The below map shows the position of PINE TREES on RACECOURSE LANE.