71, MONUMENT LANE, LICKEY, BIRMINGHAM, B45 9QJ - £570,000

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.

71 MONUMENT LANE is a small extended semi-detached house of 137m², built sometime between 1930 and 1949, which could now be worth an estimated £805,235. It was last sold for £570,000 in September 2016, which was around 145% above the average September 2016 semi-detached price in the Bromsgrove local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was A.

71 MONUMENT LANE Sold Prices

Land registry data shows three sales for 71 MONUMENT LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Bromsgrove local authority area for the corresponding sale date. All of the three 71 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
2016 14 SEP	£570,000	£232,328	145% above HPI
2001 4 APR	£245,000	£94,822	158% above HPI
1995 22 DEC	£149,950	£62,307	141% above HPI

71 MONUMENT LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The three 71 MONUMENT LANE sales between December 1995 and September 2016 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 April 2001 sale was for 158% above the HPI. So the extrapolation line tracks at 158% above the HPI over time, until the September 2016 sale, where it falls to 145% above the HPI. The line then continues to track at 145% above the HPI.

What might 71 MONUMENT LANE be worth now?

71 MONUMENT LANE might now be worth an estimated £805,235.

This is based on house price inflation of 41.3%, between September 2016 and February 2025, for semi-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 41.3% inflationary increase is applied to the most recent sale price for 71 MONUMENT LANE of £570,000 on 14th September 2016. For the value to have increased from £570,000 to £805,235 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 71 MONUMENT LANE has moved in line with the HPI for semi-detached houses in the Bromsgrove local authority area.
• The September 2016 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of 71 MONUMENT LANE has not materially changed since September 2016.

How Large is 71 MONUMENT LANE?

71 MONUMENT LANE is 137m², which includes three extensions, according to the EPC inspection conducted in April 2016. This puts it in the smallest 40% of semi-detached houses houses in Lickey, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Lickey, and where 71 MONUMENT LANE lies on this distribution: 39% of semi-detached houses houses are smaller than 71 MONUMENT LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Lickey.

71 MONUMENT LANE: Plot and Title Map

71 MONUMENT LANE sits on a plot of roughly 0.248 of an acre, or 1,002m². The below map shows the location of 71 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 71 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 71 MONUMENT LANE?

71 MONUMENT LANE is located in LICKEY, in the B45 postcode district. The below map shows the position of No. 71 on MONUMENT LANE.