124, PURNELLS WAY, KNOWLE, SOLIHULL, B93 9ED - £425,000

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.

124 PURNELLS WAY is a very small detached house of 81m², built sometime between 1967 and 1975, which could now be worth an estimated £462,361. It was last sold for £425,000 in June 2021, which was around 20% below the average June 2021 detached price in the Solihull local authority area. The most recent EPC inspection was February 2021, where the current energy rating was D, and the potential energy rating was C.

124 PURNELLS WAY Sold Prices

Land registry data shows six sales for 124 PURNELLS WAY since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Solihull local authority area for the corresponding sale date. All of the six 124 PURNELLS WAY sales were 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 24 JUN	£425,000	£533,902	20% below HPI
2014 27 NOV	£329,950	£383,520	14% below HPI
2011 18 MAY	£277,500	£336,632	18% below HPI
2003 28 NOV	£242,500	£286,780	15% below HPI
2000 14 JUL	£146,000	£184,925	21% below HPI
1996 13 SEP	£86,500	£123,238	30% below HPI

124 PURNELLS WAY 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 six 124 PURNELLS WAY sales between September 1996 and June 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 November 2014 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2021 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 124 PURNELLS WAY be worth now?

124 PURNELLS WAY might now be worth an estimated £462,361.

This is based on house price inflation of 8.8%, between June 2021 and June 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 8.8% inflationary increase is applied to the most recent sale price for 124 PURNELLS WAY of £425,000 on 24th June 2021. For the value to have increased from £425,000 to £462,361 over the four years to June 2025, the following assumptions must hold true:

• The value of 124 PURNELLS WAY has moved in line with the HPI for detached houses in the Solihull local authority area.
• The June 2021 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of 124 PURNELLS WAY has not materially changed since June 2021.

How Large is 124 PURNELLS WAY?

124 PURNELLS WAY is 81m² according to the EPC inspection conducted in February 2021. This puts it in the smallest 10% of detached houses houses in Knowle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Knowle, and where 124 PURNELLS WAY lies on this distribution: 4% of detached houses houses are smaller than 124 PURNELLS WAY, and 96% of houses are larger. Note that EPC data is not available for all properties in Knowle.

124 PURNELLS WAY: Plot and Title Map

124 PURNELLS WAY sits on a plot of roughly 0.072 of an acre, or 291m². The below map shows the location of 124 PURNELLS WAY, 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 124 PURNELLS WAY). 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 124 PURNELLS WAY?

124 PURNELLS WAY is located in KNOWLE, in the B93 postcode district. The below map shows the position of No. 124 on PURNELLS WAY.