THE OAKS, SCHOOL LANE, ALVECHURCH, BIRMINGHAM, B48 7SA - £755,000

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 OAKS is a very large extended detached house of 191m², built sometime between 1967 and 1975. It was last sold for £755,000 in February 2024, which was around 46% above the average February 2024 detached price in the Bromsgrove local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was D.

THE OAKS Sold Prices

Land registry data shows four sales for THE OAKS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. All of the four THE OAKS 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
2024 15 FEB	£755,000	£518,428	46% above HPI
2011 19 AUG	£465,000	£299,963	55% above HPI
2007 23 NOV	£395,000	£324,602	22% above HPI
2004 5 NOV	£310,000	£281,178	10% above HPI

THE OAKS 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 four THE OAKS sales between November 2004 and February 2024 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 2011 sale was for 55% above the HPI. So the extrapolation line tracks at 55% above the HPI over time, until the February 2024 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is THE OAKS?

THE OAKS is 191m², which includes three extensions, according to the EPC inspection conducted in August 2023. This puts it in the largest 20% of detached houses in Alvechurch, based on EPC data. The below chart shows the distribution of detached houses by size in Alvechurch, and where THE OAKS lies on this distribution: 82% of detached houses are smaller than THE OAKS, and 17% of houses are larger. Note that EPC data is not available for all properties in Alvechurch.

THE OAKS: Plot and Title Map

THE OAKS sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of THE OAKS, 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 OAKS). 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 OAKS?

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