7A, SPRING LANE, HOCKLEY HEATH, SOLIHULL, B94 6QX - £475,000

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

7A SPRING LANE is a small extended detached house of 110m², built sometime between 1983 and 1990. It was last sold for £475,000 in July 2022, which was around 20% below the average July 2022 detached price in the Solihull local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

7A SPRING LANE Sold Prices

Land registry data shows three sales for 7A SPRING 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 7A SPRING 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
2022 22 JUL	£475,000	£591,967	20% below HPI
2005 12 SEP	£285,000	£324,004	12% below HPI
2000 14 JUL	£155,000	£186,809	17% below HPI

7A SPRING 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 7A SPRING LANE sales between July 2000 and July 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 September 2005 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the July 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 7A SPRING LANE?

7A SPRING LANE is 110m², which includes two extensions, according to the EPC inspection conducted in February 2022. This puts it in the smallest 30% 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 7A SPRING LANE lies on this distribution: 27% of detached houses are smaller than 7A SPRING LANE, and 72% of houses are larger. Note that EPC data is not available for all properties in Hockley Heath.

7A SPRING LANE: Plot and Title Map

7A SPRING LANE sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 7A SPRING 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 7A SPRING 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 7A SPRING LANE?

7A SPRING LANE is located in HOCKLEY HEATH, in the B94 postcode district. The below map shows the position of No. 7A on SPRING LANE.