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
7 BLACKSMITHS LANE is a very small extended detached house of 105m², built sometime between 1967 and 1975. It was last sold for £400,000 in August 2018, which was around 16% below the average August 2018 detached price in the Solihull local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows three sales for 7 BLACKSMITHS LANE since 1st 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 7 BLACKSMITHS 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 6 AUG | £400,000 | £478,637 | 16% below HPI |
2014 9 MAY | £270,000 | £364,020 | 26% below HPI |
1998 23 JAN | £106,000 | £146,670 | 28% below HPI |
The below graph shows the average detached house price in the Solihull local authority area over time, sourced from the HPI. The three 7 BLACKSMITHS LANE sales between January 1998 and August 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 May 2014 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2018 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.
7 BLACKSMITHS LANE is 105m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% 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 7 BLACKSMITHS LANE lies on this distribution: 19% of detached houses are smaller than 7 BLACKSMITHS LANE, and 80% of houses are larger. Note that EPC data is not available for all properties in Hockley Heath.
7 BLACKSMITHS LANE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of 7 BLACKSMITHS 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 7 BLACKSMITHS 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.
7 BLACKSMITHS LANE is located in HOCKLEY HEATH, in the B94 postcode district. The below map shows the position of No. 7 on BLACKSMITHS LANE.