3, SPRING CLOSE, SOLIHULL, B91 1RA - £1,200,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 SPRING CLOSE is a very large extended detached house of 237m², built sometime between 1996 and 2002, which could now be worth an estimated £1,265,364. It was last sold for £1,200,000 in January 2022, which was around 117% above the average January 2022 detached price in the Solihull local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was C.

3 SPRING CLOSE Sold Prices

Land registry data shows four sales for 3 SPRING CLOSE 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 3 SPRING CLOSE 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 14 JAN	£1,200,000	£553,116	117% above HPI
2014 15 DEC	£730,000	£388,038	88% above HPI
2001 10 AUG	£535,000	£206,502	159% above HPI
1997 8 AUG	£330,000	£135,811	143% above HPI

3 SPRING CLOSE 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 3 SPRING CLOSE sales between August 1997 and January 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 December 2014 sale was for 88% above the HPI. So the extrapolation line tracks at 88% above the HPI over time, until the January 2022 sale, where it rises to 117% above the HPI. The line then continues to track at 117% above the HPI.

What might 3 SPRING CLOSE be worth now?

3 SPRING CLOSE might now be worth an estimated £1,265,364.

This is based on house price inflation of 5.4%, between January 2022 and February 2025, for detached houses, in the Solihull local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.4% inflationary increase is applied to the most recent sale price for 3 SPRING CLOSE of £1,200,000 on 14th January 2022. For the value to have increased from £1,200,000 to £1,265,364 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of 3 SPRING CLOSE has moved in line with the HPI for detached houses in the Solihull local authority area.
• The January 2022 sale price of £1,200,000 represented a fair market value for the property.
• The size, condition, and specification of 3 SPRING CLOSE has not materially changed since January 2022.

How Large is 3 SPRING CLOSE?

3 SPRING CLOSE is 237m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the largest 10% of detached houses houses in Solihull, based on EPC data. The below chart shows the distribution of detached houses houses by size in Solihull, and where 3 SPRING CLOSE lies on this distribution: 93% of detached houses houses are smaller than 3 SPRING CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Solihull.

3 SPRING CLOSE: Plot and Title Map

3 SPRING CLOSE sits on a plot of roughly 0.164 of an acre, or 665m². The below map shows the location of 3 SPRING CLOSE, 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 3 SPRING CLOSE). 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 3 SPRING CLOSE?

3 SPRING CLOSE is located in SOLIHULL, in the B91 postcode district. The below map shows the position of No. 3 on SPRING CLOSE.