9, PROSPECT LANE, SOLIHULL, B91 1HJ - £480,000

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

9 PROSPECT LANE is a very large extended detached house of 187m², built sometime between 1950 and 1966. It was last sold for £480,000 in August 2019, which was about the average August 2019 detached price in the Solihull local authority area. The most recent EPC inspection was November 2014, where the current energy rating was E, and the potential energy rating was C.

9 PROSPECT LANE Sold Prices

Land registry data shows three sales for 9 PROSPECT 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. The three 9 PROSPECT LANE sales were a mix of roughly equal to the average price, and 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
2019 16 AUG	£480,000	£478,171	Close to HPI
2013 31 MAY	£412,000	£338,334	22% above HPI
1997 19 SEP	£150,000	£138,441	8% above HPI

9 PROSPECT 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 9 PROSPECT LANE sales between September 1997 and August 2019 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 2013 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the August 2019 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 9 PROSPECT LANE?

9 PROSPECT LANE is 187m², which includes one extension, according to the EPC inspection conducted in November 2014. This puts it in the largest 20% of detached houses in Solihull, based on EPC data. The below chart shows the distribution of detached houses by size in Solihull, and where 9 PROSPECT LANE lies on this distribution: 84% of detached houses are smaller than 9 PROSPECT LANE, and 15% of houses are larger. Note that EPC data is not available for all properties in Solihull.

9 PROSPECT LANE: Plot and Title Map

9 PROSPECT LANE sits on a plot of roughly 0.153 of an acre, or 619m². The below map shows the location of 9 PROSPECT 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 9 PROSPECT 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 9 PROSPECT LANE?

9 PROSPECT LANE is located in SOLIHULL, in the B91 postcode district. The below map shows the position of No. 9 on PROSPECT LANE.