2, ENGINE LANE, WEDNESBURY, WS10 8SA - £152,000

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

2 ENGINE LANE is a large detached house of 106m², built sometime between 1967 and 1975. It was last sold for £152,000 in May 2018, which was around 42% below the average May 2018 detached price in the Walsall local authority area. The most recent EPC inspection was October 2016, where the current energy rating was C, and the potential energy rating was B.

2 ENGINE LANE Sold Prices

Land registry data shows two sales for 2 ENGINE 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 Walsall local authority area for the corresponding sale date. Both of the two 2 ENGINE LANE 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
2018 16 MAY	£152,000	£263,026	42% below HPI
2016 5 JAN	£150,000	£225,901	34% below HPI

2 ENGINE LANE 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 2 ENGINE LANE sales from January 2016 and May 2018 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 January 2016 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the May 2018 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 2 ENGINE LANE?

2 ENGINE LANE is 106m² according to the EPC inspection conducted in October 2016. This puts it in the largest 40% of detached houses in Bilston, based on EPC data. The below chart shows the distribution of detached houses by size in Bilston, and where 2 ENGINE LANE lies on this distribution: 63% of detached houses are smaller than 2 ENGINE LANE, and 36% of houses are larger. Note that EPC data is not available for all properties in Bilston.

2 ENGINE LANE: Plot and Title Map

2 ENGINE LANE sits on a plot of roughly 0.041 of an acre, or 166m². The below map shows the location of 2 ENGINE 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 2 ENGINE 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 2 ENGINE LANE?

2 ENGINE LANE is located in WEDNESBURY, in the WS10 postcode district. The below map shows the position of No. 2 on ENGINE LANE.