56, MILL LANE, BENTLEY HEATH, SOLIHULL, B93 8NW - £535,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

56 MILL LANE is a midsized detached house of 116m², built sometime between 1976 and 1982. It was last sold for £535,000 in April 2021, which was around 1% above the average April 2021 detached price in the Solihull local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was B.

56 MILL LANE Sold Prices

Land registry data shows three sales for 56 MILL 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 56 MILL 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 6 APR	£535,000	£529,816	1% above HPI
2020 9 OCT	£510,000	£501,487	2% above HPI
2007 2 NOV	£375,000	£359,918	4% above HPI

56 MILL 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 56 MILL LANE sales between November 2007 and April 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 2020 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the April 2021 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is 56 MILL LANE?

56 MILL LANE is 116m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 50% of detached houses in Bentley Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Bentley Heath, and where 56 MILL LANE lies on this distribution: 40% of detached houses are smaller than 56 MILL LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Bentley Heath.

56 MILL LANE: Plot and Title Map

56 MILL LANE sits on a plot of roughly 0.129 of an acre, or 524m². The below map shows the location of 56 MILL 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 56 MILL 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 56 MILL LANE?

56 MILL LANE is located in BENTLEY HEATH, in the B93 postcode district. The below map shows the position of No. 56 on MILL LANE.