127, MILL ROAD, PELSALL, WALSALL, WS4 1BU - £285,000

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.

127 MILL ROAD is a very small detached house of 85m², built sometime between 1950 and 1966, which could now be worth an estimated £301,017. It was last sold for £285,000 in July 2022, which was around 12% below the average July 2022 detached price in the Walsall local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

127 MILL ROAD Sold Prices

Land registry data shows two sales for 127 MILL ROAD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Walsall local authority area for the corresponding sale date. Both of the two 127 MILL ROAD 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
2022 1 JUL	£285,000	£322,726	12% below HPI
2018 14 SEP	£225,000	£259,850	13% below HPI

127 MILL ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The two 127 MILL ROAD sales from September 2018 and July 2022 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 September 2018 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2022 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 127 MILL ROAD be worth now?

127 MILL ROAD might now be worth an estimated £301,017.

This is based on house price inflation of 5.6%, between July 2022 and February 2025, for detached houses, in the Walsall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.6% inflationary increase is applied to the most recent sale price for 127 MILL ROAD of £285,000 on 1st July 2022. For the value to have increased from £285,000 to £301,017 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 127 MILL ROAD has moved in line with the HPI for detached houses in the Walsall local authority area.
• The July 2022 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 127 MILL ROAD has not materially changed since July 2022.

How Large is 127 MILL ROAD?

127 MILL ROAD is 85m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 20% of detached houses houses in Shelfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shelfield, and where 127 MILL ROAD lies on this distribution: 15% of detached houses houses are smaller than 127 MILL ROAD, and 83% of houses are larger. Note that EPC data is not available for all properties in Shelfield.

127 MILL ROAD: Plot and Title Map

127 MILL ROAD sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 127 MILL ROAD, 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 127 MILL ROAD). 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 127 MILL ROAD?

127 MILL ROAD is located in PELSALL, in the WS4 postcode district. The below map shows the position of No. 127 on MILL ROAD.