5, PROSPECT LANE, SOLIHULL, B91 1HJ - £695,000

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

5 PROSPECT LANE is a very large extended detached house of 226m², built sometime between 1930 and 1949. It was last sold for £695,000 in February 2021, which was around 34% above the average February 2021 detached price in the Solihull local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was C.

5 PROSPECT LANE Sold Prices

Land registry data shows three sales for 5 PROSPECT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Solihull local authority area for the corresponding sale date. All of the three 5 PROSPECT 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
2021 4 FEB	£695,000	£518,285	34% above HPI
2009 13 OCT	£380,000	£330,036	15% above HPI
2003 14 APR	£350,000	£274,486	28% above HPI

5 PROSPECT 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 three 5 PROSPECT LANE sales between April 2003 and February 2021 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 2009 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the February 2021 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is 5 PROSPECT LANE?

5 PROSPECT LANE is 226m², which includes two extensions, according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of detached houses in Solihull, based on EPC data. The below chart shows the distribution of detached houses by size in Solihull, and where 5 PROSPECT LANE lies on this distribution: 92% of detached houses are smaller than 5 PROSPECT LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Solihull.

5 PROSPECT LANE: Plot and Title Map

5 PROSPECT LANE sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of 5 PROSPECT 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 5 PROSPECT 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 5 PROSPECT LANE?

5 PROSPECT LANE is located in SOLIHULL, in the B91 postcode district. The below map shows the position of No. 5 on PROSPECT LANE.