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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SERENDIPITY is a small detached house of 138m², built sometime between 1991 and 1995, which could now be worth an estimated £718,821. It was last sold for £650,000 in May 2021, which was around 23% 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	£527,774	23% above HPI
2005 28 OCT	£450,000	£322,419	40% above HPI
1998 15 JUN	£105,000	£144,675	27% 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 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2021 sale, where it falls to 23% above the HPI. The line then continues to track at 23% above the HPI.

What might SERENDIPITY be worth now?

SERENDIPITY might now be worth an estimated £718,821.

This is based on house price inflation of 10.6%, between May 2021 and March 2025, for detached houses, in the Solihull local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 10.6% inflationary increase is applied to the most recent sale price for SERENDIPITY of £650,000 on 14th May 2021. For the value to have increased from £650,000 to £718,821 over the four years and two months to March 2025, the following assumptions must hold true:

• The value of SERENDIPITY has moved in line with the HPI for detached houses in the Solihull local authority area.
• The May 2021 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of SERENDIPITY has not materially changed since May 2021.

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 houses in Earlswood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Earlswood, and where SERENDIPITY lies on this distribution: 38% of detached houses houses are smaller than SERENDIPITY, and 60% 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.