27, MONUMENT LANE, LICKEY, BIRMINGHAM, B45 9QQ - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

27 MONUMENT LANE is a small extended detached house of 134m², built sometime between 1900 and 1929. It was last sold for £325,000 in June 2015, which was around 4% below the average June 2015 detached price in the Bromsgrove local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was A.

27 MONUMENT LANE Sold Prices

Land registry data shows two sales for 27 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. One of the two 27 MONUMENT LANE sales was for below the average price, whilst the other was 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
2015 15 JUN	£325,000	£337,271	4% below HPI
1997 30 OCT	£143,000	£127,488	12% above HPI

27 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 27 MONUMENT LANE sales from October 1997 and June 2015 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 October 1997 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2015 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 27 MONUMENT LANE?

27 MONUMENT LANE is 134m², which includes two extensions, according to the EPC inspection conducted in June 2015. This puts it in the smallest 40% of detached houses in Lickey, based on EPC data. The below chart shows the distribution of detached houses by size in Lickey, and where 27 MONUMENT LANE lies on this distribution: 36% of detached houses are smaller than 27 MONUMENT LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Lickey.

27 MONUMENT LANE: Plot and Title Map

27 MONUMENT LANE sits on a plot of roughly 0.653 of an acre, or 2,642m². The below map shows the location of 27 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 27 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 27 MONUMENT LANE?

27 MONUMENT LANE is located in LICKEY, in the B45 postcode district. The below map shows the position of No. 27 on MONUMENT LANE.