12, MONUMENT LANE, LICKEY, BIRMINGHAM, B45 9QQ - £580,000

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.

12 MONUMENT LANE is a midsized extended detached house of 145m², built sometime between 1900 and 1929, which could now be worth an estimated £966,036. It was last sold for £580,000 in July 2010, which was around 87% above the average July 2010 detached price in the Bromsgrove local authority area. The most recent EPC inspection was May 2009, where the current energy rating was E, and the potential energy rating was E.

12 MONUMENT LANE Sold Prices

Land registry data shows three sales for 12 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. All of the three 12 MONUMENT LANE sales were for 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
2010 15 JUL	£580,000	£309,924	87% above HPI
2005 6 JUL	£555,000	£285,416	94% above HPI
1997 26 SEP	£232,500	£126,142	84% above HPI

12 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 12 MONUMENT LANE sales between September 1997 and July 2010 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 July 2005 sale was for 94% above the HPI. So the extrapolation line tracks at 94% above the HPI over time, until the July 2010 sale, where it falls to 87% above the HPI. The line then continues to track at 87% above the HPI.

What might 12 MONUMENT LANE be worth now?

12 MONUMENT LANE might now be worth an estimated £966,036.

This is based on house price inflation of 66.6%, between July 2010 and May 2026, for detached houses, in the Bromsgrove local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.6% inflationary increase is applied to the most recent sale price for 12 MONUMENT LANE of £580,000 on 15th July 2010. For the value to have increased from £580,000 to £966,036 over the sixteen years and two months to May 2026, the following assumptions must hold true:

• The value of 12 MONUMENT LANE has moved in line with the HPI for detached houses in the Bromsgrove local authority area.
• The July 2010 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of 12 MONUMENT LANE has not materially changed since July 2010.

How Large is 12 MONUMENT LANE?

12 MONUMENT LANE is 145m², which includes two extensions, according to the EPC inspection conducted in May 2009. This puts it in the smallest 50% of detached houses houses in Lickey, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lickey, and where 12 MONUMENT LANE lies on this distribution: 47% of detached houses houses are smaller than 12 MONUMENT LANE, and 53% of houses are larger. Note that EPC data is not available for all properties in Lickey.

12 MONUMENT LANE: Plot and Title Map

12 MONUMENT LANE sits on a plot of roughly 0.238 of an acre, or 963m². The below map shows the location of 12 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 12 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 12 MONUMENT LANE?

12 MONUMENT LANE is located in LICKEY, in the B45 postcode district. The below map shows the position of No. 12 on MONUMENT LANE.