THE LAURELS, ASH LANE, HOPWOOD, BIRMINGHAM, B48 7TS - £426,000

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

THE LAURELS is a large detached house of 194m², built sometime from 2007 onwards. It was last sold for £426,000 in November 2017, which was around 4% above the average November 2017 detached price in the Bromsgrove local authority area. The most recent EPC inspection was July 2009, where the current energy rating was C, and the potential energy rating was B.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS 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. One of the two THE LAURELS sales was for above the average price, whilst the other was for below 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
2017 10 NOV	£426,000	£411,396	4% above HPI
2004 13 DEC	£141,750	£282,151	50% below HPI

THE LAURELS 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 THE LAURELS sales from December 2004 and November 2017 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 December 2004 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the November 2017 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is THE LAURELS?

THE LAURELS is 194m² according to the EPC inspection conducted in July 2009. This puts it in the largest 30% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where THE LAURELS lies on this distribution: 75% of detached houses are smaller than THE LAURELS, and 25% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 0.247 of an acre, or 998m². The below map shows the location of THE LAURELS, 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 THE LAURELS). 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 THE LAURELS?

THE LAURELS is located on ASH LANE in HOPWOOD, in the B48 postcode district. The below map shows the position of THE LAURELS on ASH LANE.