7, MONUMENT LANE, LICKEY, BIRMINGHAM, B45 9QQ - £688,000

7 MONUMENT LANE is a large extended detached house of 180m², built sometime between 1950 and 1966. It was last sold for £688,000 in December 2020, which was around 50% above the average December 2020 detached price in the Bromsgrove local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

7 MONUMENT LANE Sold Prices

Land registry data shows two sales for 7 MONUMENT LANE 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 7 MONUMENT LANE 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
2020 15 DEC	£688,000	£457,427	50% above HPI
2014 10 MAR	£455,000	£319,537	42% above HPI

7 MONUMENT LANE 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 7 MONUMENT LANE sales from March 2014 and December 2020 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 March 2014 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the December 2020 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 7 MONUMENT LANE?

7 MONUMENT LANE is 180m², which includes two extensions, according to the EPC inspection conducted in October 2012. This puts it in the largest 30% of detached houses in Lickey, based on EPC data. The below chart shows the distribution of detached houses by size in Lickey, and where 7 MONUMENT LANE lies on this distribution: 70% of detached houses are smaller than 7 MONUMENT LANE, and 30% of houses are larger. Note that EPC data is not available for all properties in Lickey.

7 MONUMENT LANE: Plot and Title Map

7 MONUMENT LANE sits on a plot of roughly 0.548 of an acre, or 2,217m². The below map shows the location of 7 MONUMENT LANE, 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 7 MONUMENT LANE). 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 7 MONUMENT LANE?

7 MONUMENT LANE is located in LICKEY, in the B45 postcode district. The below map shows the position of No. 7 on MONUMENT LANE.