15, PENNYHILL LANE, WEST BROMWICH, B71 3RP - £220,000

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.

15 PENNYHILL LANE is a very small extended detached house of 79m², built sometime between 1950 and 1966, which could now be worth an estimated £371,649. It was last sold for £220,000 in November 2015, which was around 18% above the average November 2015 detached price in the Sandwell local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

15 PENNYHILL LANE Sold Prices

Land registry data shows two sales for 15 PENNYHILL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Sandwell local authority area for the corresponding sale date. One of the two 15 PENNYHILL LANE sales was for above the average price, whilst the other was 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
2015 6 NOV	£220,000	£187,089	18% above HPI
2014 29 SEP	£170,000	£170,924	1% below HPI

15 PENNYHILL LANE 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 two 15 PENNYHILL LANE sales from September 2014 and November 2015 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 2014 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the November 2015 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 15 PENNYHILL LANE be worth now?

15 PENNYHILL LANE might now be worth an estimated £371,649.

This is based on house price inflation of 68.9%, between November 2015 and February 2025, for detached houses, in the Sandwell local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.9% inflationary increase is applied to the most recent sale price for 15 PENNYHILL LANE of £220,000 on 6th November 2015. For the value to have increased from £220,000 to £371,649 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of 15 PENNYHILL LANE has moved in line with the HPI for detached houses in the Sandwell local authority area.
• The November 2015 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PENNYHILL LANE has not materially changed since November 2015.

How Large is 15 PENNYHILL LANE?

15 PENNYHILL LANE is 79m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the smallest 20% of detached houses houses in West Bromwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Bromwich, and where 15 PENNYHILL LANE lies on this distribution: 13% of detached houses houses are smaller than 15 PENNYHILL LANE, and 86% of houses are larger. Note that EPC data is not available for all properties in West Bromwich.

15 PENNYHILL LANE: Plot and Title Map

15 PENNYHILL LANE sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 15 PENNYHILL 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 15 PENNYHILL 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 15 PENNYHILL LANE?

15 PENNYHILL LANE is located in WEST BROMWICH, in the B71 postcode district. The below map shows the position of No. 15 on PENNYHILL LANE.