41, PROSPECT LANE, SOLIHULL, B91 1HN - £515,000

41 PROSPECT LANE is a very small extended detached house of 70m², built sometime between 1950 and 1966. It was last sold for £515,000 in March 2021, which was around 3% below the average March 2021 detached price in the Solihull local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

41 PROSPECT LANE Sold Prices

Land registry data shows four sales for 41 PROSPECT LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Solihull local authority area for the corresponding sale date. two of the four 41 PROSPECT LANE sales were for below the average price, and four 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
2021 29 MAR	£515,000	£529,562	3% below HPI
2017 20 DEC	£525,000	£461,624	14% above HPI
2013 24 APR	£355,000	£344,174	3% above HPI
1997 30 APR	£99,000	£132,436	25% below HPI

41 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 four 41 PROSPECT LANE sales between April 1997 and March 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 December 2017 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2021 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 41 PROSPECT LANE?

41 PROSPECT LANE is 70m², which includes three extensions, according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of detached houses in Solihull, based on EPC data. The below chart shows the distribution of detached houses by size in Solihull, and where 41 PROSPECT LANE lies on this distribution: 3% of detached houses are smaller than 41 PROSPECT LANE, and 96% of houses are larger. Note that EPC data is not available for all properties in Solihull.

41 PROSPECT LANE: Plot and Title Map

41 PROSPECT LANE sits on a plot of roughly 0.106 of an acre, or 430m². The below map shows the location of 41 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 41 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 41 PROSPECT LANE?

41 PROSPECT LANE is located in SOLIHULL, in the B91 postcode district. The below map shows the position of No. 41 on PROSPECT LANE.