Explore which home improvements can not only enhance your living space but also increase your property's value
Summerfields, Stoke Pound Lane, Stoke Prior, Bromsgrove, Worcestershire, B60 4LE See map
Summerfields Stoke Pound Lane is a 3,870 square foot detached house with a valuation of £1,205,000.
Since the house was last sold in October 2013 for £711,000, its value has risen by £494,000.
House features and location
Summerfields Stoke Pound Lane is a freehold detached house, built before 1900. A 2009 survey recorded the property as having 3,870 square feet of floor space.
Summerfields, Stoke Pound Lane, Stoke Prior, Bromsgrove, Worcestershire B60 4LE
Sold House Prices
Timeline of sold house prices and cost per square foot
Since Summerfields Stoke Pound Lane's first recorded sale in 2013, the house's price has risen by £494,000 or 7% per year.
During the same period, the price of an average home on Stoke Pound Lane increased by £377,000 or 7% per year, and the average UK home increased by 7% per year.
- Current valuation£1,205,000
Detached house freehold, £311 per square foot+ 69%
- Sold October 2013£711,000
Detached house freehold, £184 per square foot
Comparison of local and national house prices
House Prices in Stoke Pound Lane start at £611,000 for the cheapest property on the street, rising to £1,205,000 for the most expensive.
Summerfields Stoke Pound Lane is worth 32% more than the £911,000 average property on Stoke Pound Lane and 302% more than the £300,000 average home in England.
Average Detached House Prices in the West Midlands
Cost per square foot valuation
Using local prices per square foot as benchmarks for valuation
When valuing this property, one factor we consider is the average cost per square foot (CPSF) for detached houses in the area. Based on this metric alone, the property's valuation would be £1,299,000.
Our valuation is at the lower end of the £311 to £360 CPSF you would have to pay for a typical detached house in Stoke Pound Lane. Factors such as features and outdoor space affect CPSF, with past sale prices reflecting these differences.
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Property valuation details and commonly asked questions
- What condition is the property in?
- How is the property valuation estimated?
- Where are the figures sourced?
- What should I do if the details are incorrect?
What condition is the property in?
At a sale price of £1,205,000, the property’s cost per square foot suggests it may be more modest in condition or features compared to neighbouring homes.
Making home improvements could increase the cost per square foot within the £311 to £360 per square foot range we typically see for detached houses in Stoke Pound Lane, increasing the property's value.
How is the property valuation estimated?
Every month, our Automated Valuation Model (AVM) determines property values.
Our AVM collects data from reputable sources, like HM Land Registry, and uses the data to estimate what each property is worth.
In our tests, we have found that the sale price of a property falls within our AVM's confidence range in most cases. However, there are scenarios where the valuations are not accurate. For example, if significant alterations have been made to a property recently or if a property is unique with few comparables.
For more details on the workings of our AVM, including its strengths, limitations, and how it measures up to traditional valuation methods, please refer to our guide 'How We Value Property'.
We try to make the valuations as accurate as possible, but they are estimates. When buying or selling property, you should speak to a qualified professional.
Where are the figures sourced?
Sold house prices, and data on property types/tenures, are sourced from the HM Land Registry.
There is a time delay in property sales appearing in HM Land Registry, which can be up to three months.
Other property details, such as energy efficiency, are estimates from a 2009 property survey.
What should I do if the details are incorrect?
We generate all our property valuations programmatically. They cannot be manually edited based on new information, such as evidence of redevelopment.
If any other property details are incorrect or out-of-date, they will update automatically when next surveyed.
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