SERENDIPITY, WOOD LANE, EARLSWOOD, SOLIHULL, B94 5JP - £650,000

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

SERENDIPITY is a small detached house of 138m², built sometime between 1991 and 1995. It was last sold for £650,000 in May 2021, which was around 22% above the average May 2021 detached price in the Solihull local authority area. The most recent EPC inspection was December 2020, where the current energy rating was E, and the potential energy rating was D.

SERENDIPITY Sold Prices

Land registry data shows three sales for SERENDIPITY 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. Two of the three SERENDIPITY 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 14 MAY	£650,000	£533,151	22% above HPI
2005 28 OCT	£450,000	£325,704	38% above HPI
1998 15 JUN	£105,000	£146,150	28% below HPI

SERENDIPITY 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 SERENDIPITY sales between June 1998 and May 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 October 2005 sale was for 38% above the HPI. So the extrapolation line tracks at 38% above the HPI over time, until the May 2021 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is SERENDIPITY?

SERENDIPITY is 138m² according to the EPC inspection conducted in December 2020. This puts it in the smallest 40% of detached houses in Earlswood, based on EPC data. The below chart shows the distribution of detached houses by size in Earlswood, and where SERENDIPITY lies on this distribution: 36% of detached houses are smaller than SERENDIPITY, and 61% of houses are larger. Note that EPC data is not available for all properties in Earlswood.

SERENDIPITY: Plot and Title Map

SERENDIPITY sits on a plot of roughly 0.285 of an acre, or 1,154m². The below map shows the location of SERENDIPITY, 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 SERENDIPITY). 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 SERENDIPITY?

SERENDIPITY is located on WOOD LANE in EARLSWOOD, in the B94 postcode district. The below map shows the position of SERENDIPITY on WOOD LANE.