8, MONUMENT LANE, LICKEY, BIRMINGHAM, B45 9QQ - £510,000

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

8 MONUMENT LANE is a small extended detached house of 123m², built sometime between 1900 and 1929. It was last sold for £510,000 in September 2021, which was around 10% above the average September 2021 detached price in the Bromsgrove local authority area. The most recent EPC inspection was November 2012, where the current energy rating was F, and the potential energy rating was D.

8 MONUMENT LANE Sold Prices

Land registry data shows three sales for 8 MONUMENT 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 Bromsgrove local authority area for the corresponding sale date. Two of the three 8 MONUMENT LANE sales were for above the average price, whilst one was 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
2021 10 SEP	£510,000	£463,354	10% above HPI
2015 8 JUN	£307,500	£337,271	9% below HPI
2004 8 DEC	£365,000	£282,151	29% above HPI

8 MONUMENT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The three 8 MONUMENT LANE sales between December 2004 and September 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 June 2015 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 8 MONUMENT LANE?

8 MONUMENT LANE is 123m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the smallest 40% of detached houses in Lickey, based on EPC data. The below chart shows the distribution of detached houses by size in Lickey, and where 8 MONUMENT LANE lies on this distribution: 33% of detached houses are smaller than 8 MONUMENT LANE, and 66% of houses are larger. Note that EPC data is not available for all properties in Lickey.

8 MONUMENT LANE: Plot and Title Map

8 MONUMENT LANE sits on a plot of roughly 0.100 of an acre, or 404m². The below map shows the location of 8 MONUMENT 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 8 MONUMENT 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 8 MONUMENT LANE?

8 MONUMENT LANE is located in LICKEY, in the B45 postcode district. The below map shows the position of No. 8 on MONUMENT LANE.