115, PARK LANE EAST, TIPTON, DY4 8RE - £135,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

115 PARK LANE EAST is a very large detached house of 124m², built sometime between 1900 and 1929. It was last sold for £135,000 in June 2014, which was around 26% below the average June 2014 detached price in the Sandwell local authority area. The most recent EPC inspection was July 2011, where the current energy rating was G, and the potential energy rating was G.

115 PARK LANE EAST Sold Prices

Land registry data shows four sales for 115 PARK LANE EAST since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. All of the four 115 PARK LANE EAST 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
2014 25 JUN	£135,000	£182,626	26% below HPI
2002 27 NOV	£120,000	£122,102	2% below HPI
2002 22 JAN	£70,000	£97,924	29% below HPI
2000 10 MAR	£59,500	£81,203	27% below HPI

115 PARK LANE EAST Price Paid vs. HPI Average

The below graph shows the average detached house price in the Sandwell local authority area over time, sourced from the HPI. The four 115 PARK LANE EAST sales between March 2000 and June 2014 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 2002 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the June 2014 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 115 PARK LANE EAST?

115 PARK LANE EAST is 124m² according to the EPC inspection conducted in July 2011. This puts it in the largest 20% of detached houses in Tipton, based on EPC data. The below chart shows the distribution of detached houses by size in Tipton, and where 115 PARK LANE EAST lies on this distribution: 81% of detached houses are smaller than 115 PARK LANE EAST, and 18% of houses are larger. Note that EPC data is not available for all properties in Tipton.

115 PARK LANE EAST: Plot and Title Map

115 PARK LANE EAST sits on a plot of roughly 0.218 of an acre, or 883m². The below map shows the location of 115 PARK LANE EAST, 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 115 PARK LANE EAST). 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 115 PARK LANE EAST?

115 PARK LANE EAST is located in TIPTON, in the DY4 postcode district. The below map shows the position of No. 115 on PARK LANE EAST.