5, GILMORTON CLOSE, SOLIHULL, B91 3FD - £311,000

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.

5 GILMORTON CLOSE is a very small terraced house of 67m², built sometime between 1991 and 1995, which could now be worth an estimated £398,896. It was last sold for £311,000 in August 2019, which was around 51% above the average August 2019 terraced price in the Solihull local authority area. The most recent EPC inspection was July 2019, where the current energy rating was D, and the potential energy rating was B.

5 GILMORTON CLOSE Sold Prices

Land registry data shows four sales for 5 GILMORTON CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Solihull local authority area for the corresponding sale date. All of the four 5 GILMORTON CLOSE 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
2019 20 AUG	£311,000	£205,467	51% above HPI
2008 8 AUG	£200,500	£146,132	37% above HPI
2003 20 AUG	£179,950	£109,735	64% above HPI
1998 16 JAN	£88,500	£55,822	59% above HPI

5 GILMORTON CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Solihull local authority area over time, sourced from the HPI. The four 5 GILMORTON CLOSE sales between January 1998 and August 2019 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 August 2008 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the August 2019 sale, where it rises to 51% above the HPI. The line then continues to track at 51% above the HPI.

What might 5 GILMORTON CLOSE be worth now?

5 GILMORTON CLOSE might now be worth an estimated £398,896.

This is based on house price inflation of 28.3%, between August 2019 and April 2026, for terraced 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 28.3% inflationary increase is applied to the most recent sale price for 5 GILMORTON CLOSE of £311,000 on 20th August 2019. For the value to have increased from £311,000 to £398,896 over the seven years and four months to April 2026, the following assumptions must hold true:

• The value of 5 GILMORTON CLOSE has moved in line with the HPI for terraced houses in the Solihull local authority area.
• The August 2019 sale price of £311,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GILMORTON CLOSE has not materially changed since August 2019.

How Large is 5 GILMORTON CLOSE?

5 GILMORTON CLOSE is 67m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of terraced houses houses in Solihull, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Solihull, and where 5 GILMORTON CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 5 GILMORTON CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Solihull.

5 GILMORTON CLOSE: Plot and Title Map

5 GILMORTON CLOSE sits on a plot of roughly 0.051 of an acre, or 205m². The below map shows the location of 5 GILMORTON CLOSE, 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 5 GILMORTON CLOSE). 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 5 GILMORTON CLOSE?

5 GILMORTON CLOSE is located in SOLIHULL, in the B91 postcode district. The below map shows the position of No. 5 on GILMORTON CLOSE.