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 CROFTERS LANE is a very large extended detached house of 224m², built sometime between 1996 and 2002. It was last sold for £500,000 in August 2021, which was around 24% above the average August 2021 detached price in the Birmingham local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.
Land registry data shows three sales for 7 CROFTERS LANE since 1st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Birmingham local authority area for the corresponding sale date. All of the three 7 CROFTERS 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 23 AUG | £500,000 | £402,264 | 24% above HPI |
2017 21 JUL | £386,950 | £324,118 | 19% above HPI |
2014 1 DEC | £325,000 | £271,751 | 20% above HPI |
The below graph shows the average detached house price in the Birmingham local authority area over time, sourced from the HPI. The three 7 CROFTERS LANE sales between December 2014 and August 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 July 2017 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the August 2021 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.
7 CROFTERS LANE is 224m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the largest 10% of detached houses in Royal Sutton Coldfield, based on EPC data. The below chart shows the distribution of detached houses by size in Royal Sutton Coldfield, and where 7 CROFTERS LANE lies on this distribution: 91% of detached houses are smaller than 7 CROFTERS LANE, and 9% of houses are larger. Note that EPC data is not available for all properties in Royal Sutton Coldfield.
7 CROFTERS LANE sits on a plot of roughly 0.062 of an acre, or 251m². The below map shows the location of 7 CROFTERS 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 CROFTERS 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 CROFTERS LANE is located in SUTTON COLDFIELD, in the B75 postcode district. The below map shows the position of No. 7 on CROFTERS LANE.