THREE OAKS HOUSE, THE RISE, HOPWOOD, BIRMINGHAM, B48 7AP - £800,000

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

THREE OAKS HOUSE is a very large extended detached house of 247m², built sometime between 1950 and 1966. It was last sold for £800,000 in February 2022, which was around 62% above the average February 2022 detached price in the Bromsgrove local authority area. The most recent EPC inspection was August 2021, where the current energy rating was D, and the potential energy rating was C.

THREE OAKS HOUSE Sold Prices

Land registry data shows two sales for THREE OAKS HOUSE 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 THREE OAKS HOUSE 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
2022 16 FEB	£800,000	£495,239	62% above HPI
1998 26 AUG	£280,000	£130,852	114% above HPI

THREE OAKS HOUSE 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 THREE OAKS HOUSE sales from August 1998 and February 2022 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 1998 sale was for 114% above the HPI. So the extrapolation line tracks at 114% above the HPI over time, until the February 2022 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

How Large is THREE OAKS HOUSE?

THREE OAKS HOUSE is 247m², which includes two extensions, according to the EPC inspection conducted in August 2021. This puts it in the largest 10% of detached houses in Hopwood, based on EPC data. The below chart shows the distribution of detached houses by size in Hopwood, and where THREE OAKS HOUSE lies on this distribution: 91% of detached houses are smaller than THREE OAKS HOUSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Hopwood.

THREE OAKS HOUSE: Plot and Title Map

THREE OAKS HOUSE sits on a plot of roughly 0.370 of an acre, or 1,499m². The below map shows the location of THREE OAKS HOUSE, 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 THREE OAKS HOUSE). 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 THREE OAKS HOUSE?

THREE OAKS HOUSE is located on THE RISE in HOPWOOD, in the B48 postcode district. The below map shows the position of THREE OAKS HOUSE on THE RISE.