2, SPRING LANE, HOCKLEY HEATH, SOLIHULL, B94 6QX - £465,000

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

2 SPRING LANE is a midsized extended detached house of 124m², built sometime between 1967 and 1975. It was last sold for £465,000 in October 2018, which was around 3% below the average October 2018 detached price in the Solihull local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

2 SPRING LANE Sold Prices

Land registry data shows four sales for 2 SPRING LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Solihull local authority area for the corresponding sale date. All of the four 2 SPRING LANE sales were 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
2018 2 OCT	£465,000	£478,347	3% below HPI
2016 14 APR	£375,000	£413,466	9% below HPI
1997 7 OCT	£125,000	£139,297	10% below HPI
1995 20 OCT	£81,500	£121,951	33% below HPI

2 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Solihull local authority area over time, sourced from the HPI. The four 2 SPRING LANE sales between October 1995 and October 2018 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 April 2016 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2018 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 2 SPRING LANE?

2 SPRING LANE is 124m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the smallest 50% of detached houses in Hockley Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Hockley Heath, and where 2 SPRING LANE lies on this distribution: 43% of detached houses are smaller than 2 SPRING LANE, and 56% of houses are larger. Note that EPC data is not available for all properties in Hockley Heath.

2 SPRING LANE: Plot and Title Map

2 SPRING LANE sits on a plot of roughly 0.127 of an acre, or 514m². The below map shows the location of 2 SPRING 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 2 SPRING 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 2 SPRING LANE?

2 SPRING LANE is located in HOCKLEY HEATH, in the B94 postcode district. The below map shows the position of No. 2 on SPRING LANE.